Category: Insurance tips Release Date: 2006-08-01
Letter from a reader a few years ago I purchased an old-age diseases are the main risk and insurance, in 2004 I went abroad to study asked family members for the time forget that I continued to pay premiums, last year I returned home, they require insurance companies to give Reinstatement.
Last month, I may be suffering from heart disease hospitalization, medical expenses spent on a total of 8,000 yuan, and when I go to insurance claims, they told me that since my medical record a record of my study abroad, they had heart disease medical treatment records, But I failed to reinstate the policy, such as loss of this, they had to exclusions.
I had to buy heavy disease can be dangerous when they have passed a medical, but also accurately inform the physical health, why not refer to insurance companies in settlement of claims Shique that I can not truthfully tell it?
Miss Tao Case Tracking Reinstatement like to re-insurance claims were medical personnel in view Miss Tao when he suddenly found that Miss Tao in foreign countries have had heart disease treatment record, Miss Tao tell these doctors, but the failure of the Reinstatement truthfully inform the insurance company, therefore the insurance companies can only exclusions.
Reinstatement is usually when the insured should be the policy failures of the physical health status and medical treatment records truthfully inform the insurer, the insured and the insurance company will be based on the current health status, or in accordance with the original contract to restore the effectiveness of the policy; or based on the insured frail or career change, a corresponding increase in premiums, but maintained the original contract; or under the insured's condition requiring the insured to increase in the insurance contract exclusion, that is, insurance companies on specific diseases, is not compensable; of course, the insurance company may also consider the operational risks of relapse and the probability of the insured to give exclusions.
The Miss Tao right not satisfied with this explanation at first she had to do an insurance policy to the obligation of informing truthfully, and through physical examination, this Reinstatement should be in accordance with the original purchase insurance as protection of the physical condition of the object. Reinstatement After all, does not mean that the policy should be re-signed, should be no need to re-examination and truthfully informed.
And an insurance expert said, pottery girl's point of view is wrong. After all, policy failure, the interests of insurance policyholders also lost when the Reinstatement, the similar re-insurance policyholders. Insurance companies must be based on the insured's latest physical condition, re-underwriting decisions, so the policyholder Reinstatement when you also have to do a good job the obligation to truthfully inform.
Of course, the insurance companies that require Reinstatement of the insured, it should also urge them to do the obligation to truthfully inform and encourage them to take proactive medical examinations, not only to safeguard the interests of insurance companies, so that there are sufficient grounds to change the policy, the same is also to maintain insurance insurance rights and interests of people.
Experts pointing Reinstatement there is a loss in the dividend insurance policy expired during the period the insured person investment accounts within the cash value of insurance policies and investment income during the period the amount of failure is not part of the insured person. Only Reinstatement after the insurance company will only re-insurance, an annual cash dividends to policyholders.
However, some increase the amount of dividends, investment kind of insurance has expired due to policy may affect the amount of increase the amount of the insurance. Because the insurance company will invest the amount of dividends credited to the insurance amount, the increasing amount of the insurance, but because of policy failures, insurance companies, insurance policies can not be in accordance with the original agreement, can not be included in the amount of insurance the amount of dividends. Even if the Reinstatement after, the actual amount of increase in the number of insurance policies would be less than originally agreed upon.
Even though some of the hospital to ensure renewal of medical insurance, as long as the policy failure for some time, when it is effective when you also need to re-insured through a period of observation. In fact, guaranteed renewal of insurance policies and the normal force can only be carried out under conditions that the insurance company can not refuse hospitalization due to illness the insured claims responsibility. The period of the policy failure, policy support functions are also ineffective, insurance companies do not have commitment to this policy must be renewed.
When the Reinstatement, insurers must be based on the insured's medical records during the failures and health status, to measure whether or reinstate the policy. While ensuring the renewal period will be subject to change, insurance companies need to re-calculate the waiting period to ensure renewal. Of course, as long as the insurance company recognized the health status of the insured, in the Reinstatement, the insured can enjoy the same guaranteed renewal rights.
In addition, the additional-type short-term insurance such as accident insurance and medical insurance protection period is one year, if the insured was due to failure to pay premiums when the policy expired Ershi, when additional insurance contracts are usually over when the main effect re-insurance When the insured can only be re-purchase additional insurance.
An insurance experts warned that the policy lapse within two years, the insured must apply for Reinstatement procedures. If the policy failure for more than two years, the policy will become permanently disabled, the insured can apply for surrender procedure had suffered considerable economic losses.
