1 10,000 deductible refers to the medical expenses or losses incurred by the insured as stipulated in the insurance contract. If the amount is less than or equal to 1 10,000 yuan, the insurance company will not settle the claim. In other words, if the medical expenses or losses incurred by the insured exceed 1 10,000 yuan, the insurance company will compensate for the excess.
The establishment of 1 10,000 yuan deductible line can encourage the insured to choose medical services more carefully. If the insured only needs to spend hundreds or thousands of dollars to solve a minor illness or accident, he will not choose to go to the hospital or go to the pharmacy to buy unnecessary drugs. This can avoid the waste of medical resources, but also reduce the pressure of insurance companies to claim compensation.
The setting of 1 10,000 deductible can also reduce the operating risk of insurance companies. If the insured's medical expenses or losses are small, the insurance company does not need to pay, thus reducing the business risk of the insurance company. In addition, if the medical expenses or losses that the insured needs to pay exceed the deductible, the insurance company will compensate for the excess, which can also reduce the economic losses of the insured.
For consumers, the setting of 1 10,000 deductible line can make them choose medical services more carefully and avoid wasting medical resources. At the same time, consumers can also choose insurance products that suit them according to their own conditions and needs. When purchasing insurance products, consumers should carefully understand the provisions in the insurance contract, especially the provisions on deductible. In this way, you can better understand your rights and obligations and avoid losses caused by not knowing the deductible.
In short, the 1 10,000 yuan deductible refers to the medical expenses or losses incurred by the insured as agreed in the insurance contract, which is less than or equal to 1 10,000 yuan, and the insurance company will not pay for it. The setting of this amount can encourage the insured to choose medical services more carefully, reduce the operating risks of insurance companies, and also encourage the insured to choose medical services more carefully. When purchasing insurance products, consumers should carefully understand the provisions of deductible in order to better safeguard their rights and interests.
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