Buying insurance should have a notion of time Insurance Tips

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

Mr. Zhang insurance Two days later, began to regret. But think about the "out of goods, shall not be returned," the truth, Mr. Chang were dropped. In fact, insurance companies insured by various insurance policies, the general will have a 10-day period of hesitation, during which, if the insured requests surrender, unconditional refund all the premiums insurers can. Insurance companies say the process of buying insurance, there are some similar to the "hesitation period" such as a key, yet easily overlooked "time" point.
Contributions grace period: 60 days

Mr. Wang bought a major disease for their own insurance, Paying 5,000 yuan per year. Contributions 4th year, when Mr. Wang because of cash flow, not a time to take the money. In this case, insurance companies say such a situation as Mr. Wang, insurance companies usually set up an extended grace period to pay the premium, most of them for 60 days. "It's mainly aimed at phased pay premiums circumstances", insurance companies say, if the insured is not due to pay premiums from insurance policies to pay the date set forth in the next day grace period of 60 days. Occurrence of insured event within the grace period, insurance companies assume the insurance responsibility, but from the insurance premiums paid by policyholders to deduct the outstanding premiums and interest.

Wait and see period: 3 months or six months

People who bought insurance major diseases in general are aware, the insurance after purchase to lead a three months or six months, the insurance agreement was in force. It has been three months or six months, insurance companies known as the "wait and see period." In response, insurers have said that this is mainly because some of the more major diseases, the body has a gradual process, not unexpected. Reflected in health insurance, the insured may buy insurance, even he himself did not know there was some disease risks, and in fact he has a name "patient" had. At this time, If you have just that result, an insured medical expenses from insurance companies to back up this responsibility, which insurance companies is unfair.

"Most insurance companies health insurance for hospital provides a wait and see period, wait and see period generally refers to the date of the contract entered into force 90 days or 180 days a year. Waiting to see the medical expenses that occurred during the period, the insurance company is not responsible for paid, "insurance company source said.

Payment watershed: 1-year sector

Members of the public January 2 last year, Mr. Zhu for their purchase of two major disease risks, in late December last year, Mr. Zhu of acute attacks, died tragically. In accordance with insurance contracts, insurance companies should be paid 200,000 yuan to Mrs. Chu. However, Mrs. Chu got a real hand only 2 dollars in settlement and to the insurance premiums.

"This is mainly because the two sides agreed in accordance with insurance contracts, if the insured purchased a certain number of years of regular life insurance, the insured person entry into force of the contract led to the death of the year due to illness or high-residue, only available to the insured amount is equivalent to 10% of insurance premiums payment, and paid insurance premiums, insurance termination, "insurance company source said. "But the life of the contract, if the insured person because of accidental injury or one year after the entry into force of the contract leading to death due to illness or high-residue, will receive the full amount is equivalent to the amount of insurance premium payments, insurance terminated," the person added.

That is, if Mr. Zhu in November last year because of accidental injuries suffered misfortune, or suffering from acute late Mr. Zhu half a month, then the insurance company should be paid 200,000 yuan.

Best surrender period: 2 years after

Although more and more people buying insurance, but the surrender was also a lot of people experience. "Insurance company how the money back so little?" Many people will surrender when you have such a question.

In response, insurance companies say, because insurance companies operating costs that occurred mostly in the insurance policies in force two years, so insurance life insurance policy-holders to make it clear, and decided to surrender, then, it is best to pay the full premium for 2 years later. Because it did not pay the full two-year premiums, the insurance company to deduct a large percentage of the cost. There is an idea the industry, such as two years, surrender, then the insured economic losses, nearly all of the premium paid by installments, or a barge to pay premiums into three.

If you pay premiums for more than 2 years, you can get back the cash value of insurance policies. In addition, the insurance contract is suspended and two years, the insured can apply for rehabilitation, recovery efficiency and the insurance company to reach an agreement, but of back premiums and interest.