What does insurance pre-position mean?

Insurance preposition generally refers to underwriting preposition, that is, pre-recorded insurance policies, health information, financial information, etc. Submit it to the underwriting department for review before formal insurance. If the pre-consultation is approved, it can be officially purchased.

Generally, when formally applying for insurance, the company will check whether the contents and information provided in the formal application form are consistent with the contents of the pre-consultation form, pre-information and pre-consultation reply. If there is any inconsistency, it will be handled as follows:

If the regular insurance plan is: 1) the main insurance coverage is reduced; 2) The amount/grade of additional risks is reduced; 3) Cancel some additional risks; The reply before consultation is valid;

If the regular insurance plan is: 1) the main insurance coverage is increased; 2) The coverage/level of additional risks is improved; 3) New additional risks have been added, and the reply of the consultation is invalid;

If the regular insurance plan extends the payment period, the reply before consultation is invalid;

If the formal insurance plan shortens the payment period, the reply before consultation is valid;

When formally applying for insurance, if there is health/financial notification or the underwriting information provided is inconsistent with that provided during pre-consultation, the pre-consultation reply is invalid.

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