Before the insurance, many small partners are willing to pay after hearing the eloquent explanation from the sales staff. It took several years to find out that I bought the wrong one, or I couldn't afford it if I was in danger.
Actually, it's not an insurance contract that deceives people. I can only say that I really lacked a deeper understanding of the terms at first, and even "believed" the sales routines of some unprofessional employees, and finally suffered losses.
So today's content, like mushrooms, teaches you how to understand insurance contracts.
1. What should I see before I insure?
Friends who come into contact with insurance for the first time will have some resistance to insurance. After all, the contract is full of dense terms and conditions, which are difficult to understand.
However, first of all, we should pour cold water on the contract, because the contract is really something we must understand before buying insurance. The following will teach you how to read insurance in detail.
Of course, the product terms are the core part of the whole policy, but besides the product terms, we still have some other contents to understand, such as:
1, insurance notice
This part is usually separated from the insurance contract, but there are also many important explanations, such as deductible and compensation ratio, underwriting age, waiting period, insurance area, occupational restrictions, hospital scope and other more detailed supplementary explanations.
2. Exemption from liability
In addition, some products will supplement the liability exemption separately, such as compensation exemption in specific scenarios and special circumstances.
For example, individual products of accident insurance will have a high fall limit, and the compensation below a few meters will be exempted. These need to be clearly understood before formal insurance.
3. Health notice
Health information is also an important part. For offline insurance, there will be special insurance sales staff to inquire and communicate;
But for online self-protection, consumers need to evaluate themselves. After all, whether they can pass the health notification is also a prerequisite for determining whether they can successfully settle claims in the future.
Therefore, we must distinguish carefully. If you are not sure, you can choose manual customer service consultation, don't judge by yourself blindly, and don't tell the truth.
Comparatively speaking, these three parts are mostly short and easy to understand. For most people, the difficulty lies in the product terms.
However, before insuring products, you must first understand the terms. Only by knowing clearly can we better evaluate whether it is worth insuring. Next, I will talk to you about how to read the product terms.
Two or three tricks teach you to quickly understand product terms.
A product term, at least a dozen pages, or even dozens of pages, is really a bit confusing to hold in your hand. Here are some tips to teach you how to understand product terms quickly and correctly.
Generally speaking, the product terms will clearly list what is guaranteed, what is not guaranteed, how to settle claims, how to pay expenses, cash value and so on. So we can classify these contents in advance, and it will be more organized by category.
The first trick: look at insurance liability.
The chapter on insurance liability mainly tells you what this insurance covers. Therefore, no matter who promises you what this insurance can cover, no matter how good it is, it is not necessarily reliable. The only thing that can give you a standard answer is the content of liability.
Here, Xiang Jun suggested that everyone must be patient and study hard. After all, when making a claim, no matter whose product you recommend or what responsibility you have promised, the insurance company can evaluate it in strict accordance with the contract.
The second measure: look at the exclusion of responsibility.
If the guarantee liability is the core of the insurance contract, it is not too much to regard the exclusion liability as gallbladder, liver, spleen and lung. Most of the reasons why insurance companies refuse to pay compensation are written in the exemption clause.
Generally speaking, for personal insurance products, insurance companies will not settle claims for insurance accidents caused by intentional injury, intentional crime, illegal behavior, drunk driving, genetic diseases, congenital malformation, AIDS, war and nuclear explosion.
The third measure: watch it four times.
Hesitation period: generally 10-20 days. During this period, if the insured thinks it is not suitable for insurance, the premium paid will be refunded when applying for surrender. Generally, after the hesitation period, only the cash value will be refunded when surrendering.
Waiting period: refers to the period during which the beneficiary can't get insurance compensation even if an insurance accident occurs within the stipulated period when the insurance contract takes effect. The purpose is to prevent the insured from taking out insurance immediately when he knows that an insurance accident will happen.
Generally speaking, the waiting period in critical illness insurance is 90- 180 days, and the waiting period in medical insurance is 30 days. For renewable policies, there is generally no waiting period in the renewal year.
Grace period: refers to the grace period given by the insurance company to the insured who fails to pay the renewal premium on time. The insurance law stipulates that the grace period is 60 days.
During the grace period, even if the renewal premium is not paid, the insurance contract is still valid. If an insurance accident occurs during this period, the insurance company still needs to bear the insurance responsibility, but the unpaid insurance premium should be deducted from the compensation amount.
Suspension period: refers to the temporary invalidation of the validity of an insurance contract for some reason during its existence. If an insured accident occurs during the termination of the contract, the insurer shall not be liable for compensation or payment of insurance benefits.
According to the provisions of the Insurance Law, the suspended insurance contract can apply for reinstatement within 2 years after the contract is suspended. A reinstatement contract that meets the reinstatement conditions has the same effect as the original contract and can continue to be performed.