Category: Insurance tips Release Date: 2006-08-01
A common understanding of terms of insurance contracts
In order to regulate insurance, protect the legitimate rights and interests of insurance activities, "Insurance Law" the relevant content of the contract of life insurance uniform regulations and requirements. Because these provisions are often used to form a life insurance contract, general terms. Therefore, you spend some time to understand these terms is very good - when you re-read Gejia life insurance company's insurance provisions, the main energy can be used to study the most important part of the insurance - insurance liability (insurance proceeds ) and insurance (insurance expenses).
1) The terms of non-defense
Two years after the establishment of life insurance contracts, insurance companies, policyholders may not be grounds for breach of obligation to truthfully inform cancel the contract.
This is a benefit policy-holders provisions. If the insurance companies found that the insured did not truthfully inform the important fact that only two years as a grounds to refuse to pay insurance premiums or cancel the contract, more than two-year period could be defenses, the power to forfeit.
2) Suicide clause
If the insured person or reinstate the contract entered into force within two years of suicide, the insurance company are not covered by insurance. If the incidence of suicide in force or reinstate the contract after two years, insurance companies can pay insurance.
3) The provisions of the grace period
For the staging cost-effective insurance policy, if the insured due to negligence or other reasons, could not schedule payments, insurance companies give a grace period (generally 60 days, please refer to the terms of the specific time), during which time the policy is still valid, in case of insurance, accident, the insurer still be responsible. If more than the grace period has not paid premiums, the policy may be invalid.
4) The terms of complex effects
Is not on schedule due to the insured to pay policy premiums resulted in failure after two years, the insured may apply to the insurance company reinstate, after insurance companies to review the consent of the insured during the failure of back premiums and interest, the effectiveness of the policy resume .
5) does not lose value terms
Policyholder premiums in effect for more than two years after the foot, the policy will accumulate a certain degree of responsibility for reserves. This reserve is not a result of policy changes in the effectiveness of losing their cash value. Policyholders to surrender, this part of the cash value of insurance shall be refunded to the insured.
6) The provisions of misinformation age
Insured age of the insured person declared untrue, and its true age does not meet the age limit of the contract, the insurance company can cancel the contract, but since the contract date of the establishment of more than two years are exempted.
Insured age of the insured person declared untrue, leading to less than the insured to pay premiums to cope with the insurance premiums, insurance companies have the right to correct and to ask the insured pay up insurance premiums, or pay insurance premiums, in accordance with the insurance paid fee and to cope with the proportion of premiums paid.
Insured age of the insured person declared untrue, leading to more than the insured paid premiums to cope with the insurance premiums, insurance companies overcharged premiums is also insured.
7) The provisions of the beneficiary
Beneficiary by the insured person or insured specified. The designated beneficiary when the insured is subject to the consent of the insured. The beneficiary can be one person or several others.
Beneficiary number of people, you can specify the order in and benefit from share of the benefit; undetermined share of the benefit, the beneficiary in accordance with an equal share of the enjoyment of beneficial interest.
If there is no designated beneficiary, or beneficiary before the death of the insured person, or loss of beneficial interest of the beneficiaries of the law or give up doing, there are no other beneficiaries in the circumstances, after the death of the insured person's insurance premiums as the insured person heritage, its heirs receive.
-------------------------------------------------- ------------------------------
