Before going abroad how to deal with in the hands of the insurance Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

Many have been or will go to settle abroad, study and work often experience a headache and do their own hand, many insurers do not know how to deal with --- to call an agent, and some said foreign invalid, it is better surrender; some said he could remain in force, but claims a lot of trouble. For these people, how to deal with these insurance?

In theory, very few insurance contracts where the insured person on the geographical constraints, that is, the original effective domestic insurance after leaving the country largely remain in force. However, the procedures involved in submitting claims, He Pei and other issues, many of the protective role of insurance in foreign countries is very low. If you live abroad and a longer time, in the end of the how to handle it? It depends on the specific types of insurance and the insurance company may be.

Accident insurance can continue to hold. Accident insurance is generally a period of short-term insurance, when the insured person's death or disability, the insurance company pay the insurance payment, so even if abroad, you can continue to enjoy the protection of such insurance, until the natural end of the insurance expires. But it must be informed in advance by insurance companies, which go to different countries, risks are not the same, such as regular riots, war areas, the insurance company may increase premiums or exclusions.

Of medical insurance depending on the circumstances surrender or conversion. Medical insurance related to medical treatment, etc., the general and local treatment of conditions directly linked. Medical treatment at home and abroad but is not compatible, medical insurance claims up with great difficulties. Terms of disease risk such as heavy, for diagnosis and treatment of the hospital, judging criteria, payment conditions were strict rules, if abroad, got a major disease, diagnosis, medical expenses, there will be very different, the insured person may not be payment. Even if you claims, the relevant medical certificate, medical expenses, the translation, notary and other costs are also a lot of money, maybe even more than insurance. Lifetime medical insurance is subsidized in nature, but compared with hospital costs abroad, a day to play a few hundred dollars of subsidies that much. Proposals will be on hand to go abroad for medical insurance surrender in the local insurance related insurance.

Some foreign insurance companies such as AIG, macro and other related companies in foreign countries are also able to provide continuity of service, can be converted into domestic medical insurance overseas insurance, in order to reduce the loss of surrender; or through foreign companies to submit their claims Materials without the need for translation, to submit materials trouble. If you hold the hands of such a policy can be asked in advance about, the Chinese-funded companies are generally unable to provide such services.

Old-age insurance, whole life, etc., may continue to hold. Old-age insurance, Endowment insurance and life insurance, life insurance, etc. If the halfway surrender, the loss would be considerable. Under normal circumstances, less than two years insurance surrender, we must deduct 70%% -80%% of the fee, cash value returned two years later, the former in 2045 the cash value is less than the premium paid. So do not surrender easily. Recipients of such insurance is very simple, old-age insurance and Endowment insurance generally agreed to wait until the age such as 55-year-old, 60-year-old can receive the insurance payment; whole life Zeyi insured person's death or disability as the payment conditions, as long as the submission of the relevant proof.

If the insurance payment period does not end, you need to pay attention to on a regular basis. Insurance companies, such as payment reminder service can not be extended to foreign countries, the insured person can be entrusted to the relatives of the domestic payment on a regular basis, or an annual payment on the premium remitted to insurance company accounts. Endowment insurance, pension insurance and to receive a variety of methods, such as years of collar, one-time collection, five-collar, etc. before leaving the country, it is best replaced by a one-time collection, so we can save the trouble in the future to receive insurance money.

Investment-oriented insurance should surrender. In recent years, investment and even insurance, dividend insurance, universal insurance waves, and many people fancy is the insuring of these insurance benefits. Risk still capable of providing a more stable dividend income, but the universal insurance, investment and insurance was the need for timely attention to even the investment dynamics, an additional premium, adjust the different accounts of funds to abroad will be too busy to take account of these things. From an investment point of view if it is entirely possible to invest abroad after the surrender, earnings would have increased.

As opposed to old-age insurance and other protection-type insurance for high fees, investment-type insurance, surrender to be significant, such as the dividend income is only loss of insurance surrender in advance, as long as you can pay a lower fee; universal insurance, investment and personal insurance company account for a higher degree of freedom to receive funds, surrender is spent, when deducted premiums and a small fee, management fee.

In addition, there are some people home insurance property insurance, auto insurance and other property insurance, depending on the specific circumstances of the case, if the subject matter of housing sold, do not forget the surrender or transfer to the insurance company to take over the processing of the next home to ensure that the insurance remains in force.