Some time ago, the news that the famous singer Chen Lin committed suicide was announced, which reminded us of some stars who committed suicide in recent years. So, can insurance compensate for a case like suicide? Is there a special "suicide insurance"? In this regard, we interviewed relevant persons of Taiping Life Insurance Company. Some time ago in Tsinghua, the news that the famous singer Chen Lin committed suicide was announced, which reminded us of some stars who committed suicide in recent years. So, can insurance compensate for a case like suicide? Is there a special "suicide insurance"? In this regard, we interviewed relevant persons of Taiping Life Insurance Company. Tsinghua University financial planner. Top ten gold medal lecturers. IDA Dragon Award of World Chinese Insurance Congress. Taiping Life Corporation business elite peak exhibition experts. Reporter: Everyone knows the news that the famous singer Chen Lin committed suicide, which reminds us of Leslie Cheung's suicide. It is understood that the insurance company paid more than HK$ 30 million in compensation for Leslie Cheung's death, and the beneficiary also paid HK$ 4.5 million in inheritance tax. What is the insurance definition of suicide? Gao Zi: According to the relevant regulations of insurance companies, if the long-term insurance contract is guaranteed for more than two years, suicide cases can be settled. Nowadays, there are more and more suicides in society. Some people committed suicide because of emotional distress, some people committed suicide because of the difficulties faced by enterprises, and some people committed suicide because of losses in stock trading. But behind the suicide, how many families will face difficulties in life, their children's future life will be lost, and their relatives and friends will be saddened. They choose suicide to escape the pressure and end their lives, leaving more harm to the living than sorrow and regret. For example, economic difficulties, declining quality of life, and even some debt problems will follow. If a high-income person leaves, including suicide, it is really hard to estimate and imagine the damage and loss to the family. The time limit for claim is two years. Reporter: Is there a time limit for obtaining insurance compensation for suicide? Gao Zi: There is a time limit for obtaining suicide compensation, usually two years after the insurance policy takes effect or two years after the final reinstatement. Leslie Cheung's suicide statement mentioned above is an example. On the insurance policy, we can see that the insurance company indicates the effective time of the policy, and commits suicide within two years from the effective date, and the insurance company does not assume responsibility and pays for it for more than two years; On the other hand, sometimes a policy may be invalid for various reasons, such as the customer went abroad and did not deposit the money into the account in time. If the policy liability occurs during the suspension period, it is impossible to claim compensation. It should be reminded that after the policy is reinstated for two years, the insurance company will be responsible for suicide. Generally speaking, we all think that if a person has the idea of suicide, if it takes more than two years, he will give up this idea. Therefore, it is reasonable that the insurance contract stipulates that suicide can be settled after two years. A long-term life insurance contract can cover suicide Reporter: Is there a special "suicide insurance" in China at present? What products can pay for suicide? Gao Zi: At present, there is no special "suicide insurance" in China, but long-term insurance contracts guarantee suicide. Long-term insurance contracts, such as whole life insurance, all stipulate the claim for suicide in the insurance liability. The definition of suicide in the insurance contract only stipulates in the exemption clause of the insurance contract that the insured commits suicide within two years from the effective date of the contract or within two years from the last reinstatement date (whichever is later). A person with social value, his departure takes away the ability to create wealth, and his departure is also a great loss to society. Like Leslie Cheung's suicide, the insurance company paid HK$ 30 million, which was only compensation for the beneficiary. Celebrity suicide can lead to a series of thoughts on insurance, family, responsibility and life, and we have too much helplessness. We should allocate our assets in time, avoid financial losses caused by risks as much as possible, and let insurance play a greater role in our lives.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.