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Data:2009-12-12 2:34
Many people often forget things in life, not only for himself and those around us to bring confusion, it also brings a lot of unnecessary losses. Not long ago, Miss Wang busy because of work oversight, forgot to pay the premiums on deposit to a designated account by insurers notice of termination of insurance contracts. Miss Wang then apply for Reinstatement, but the insurance company in her physical condition does not meet the provisions of the insurance contract reinstate the ground, refused to reinstate the application.
Miss Wang's This policy has been "a long history." 10 years ago, she was persuaded by friends Lin purchase a certain life insurance companies, life insurance and additional medical insurance, hospitalization, the main risk premium on 100, continued payment of premiums by bank autopay. A few months ago, Miss Wang received the insurance company sent a "suspension of the effectiveness of a single insurance contract," because insurance companies for two consecutive months not available from Miss Wang's bank account debits.
Miss Wang immediately call Lin, Lin explained that clause, advised her to apply for re-entry into force of the policy, namely, "Reinstatement." Subsequently, the two insurance companies together to complete the formalities, did not expect at this time Miss Wang did not pass medical examination, was denied reinstate.
Insurance companies that Miss Wang did not follow the contract payment schedule, and have a grace period not to pay, under the "Insurance Law" the relevant provisions of the policy has failed to suspend the effectiveness of insurance contracts. Although Miss Wang, within the prescribed time limit for recovery efficiency, but because of her physical condition at this time no longer meet the insurance policy in terms of the complex effect, therefore, only the refusal to reinstate the policy. Miss Wang paid a 10-year policies lapsed, only to reclaim their cash value.
Although the insurance policy are generally effective within two years can apply for complex requirements. But generally speaking, insurance companies are handling Reinstatement certain conditions. If an insured person's health status must comply with the relevant conditions and underwriting requirements are generally regarded as the new security. In addition, the insured must also be a one-time supplement to suspend the effectiveness of clear policy premiums owed for the period and other related costs such as premiums and interest owed. So, to pay premiums on time is important Do not let your policy lapse.
