Data:2009-12-12 2:34
Category: Insurance tips Release Date: 2006-08-01
Life insurance provides a grace period is common practice in the international arena. The grace period of risk is an insurance company can take risks, do not be taken into account when calculating rates, so it is a benefit offered to policy holders.
Based on the above principle, the grace period provisions should apply equally to the primary insurance and additional insurance. As for the additional risks and the effectiveness of the grace period audited, according to the head office approved by the people "Additional Accident Insurance special terms" and "additional medical expenses for accidental injury insurance, special terms" of the relevant provisions of the: "attached to the main about a grace period of about the same premium over the grace period has not delivered, it is attached around at least since the grace period beginning at midnight on the day following the termination of effectiveness, such as insurance, an accident occurred within the grace period, insurance companies still bear the insurance responsibility, but should be based on the payment of insurance money deduct the non-payment of premiums. Lord, when about the effectiveness of the suspension attached about the effectiveness of automatic termination. "However, a separate additional insurance coverage, such as the one-year terms on which no special agreement, then that there is no grace period.
