1. If it belongs to critical illness insurance and has the characteristics of life insurance, the payment period of renewal premium is 60 days, which is usually called grace period.
In addition to universal insurance, Ping An insurance can usually be extended within 60 days. Payment within 60 days will not affect the safety function. The policy will expire in more than 60 days, but you can apply to resume the policy within 2 years.
2. Pure consumer medical insurance is about to expire.
I suggest you check the terms in the insurance contract and go through the payment procedures in time to avoid damaging your own interests.
Grace period:
The grace period of an insurance contract refers to the grace period given by an 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. However, if the insured fails to pay the renewal premium in full after the grace period of 60 days, the insurance contract will be terminated. After the insurance is suspended, it can only be restored if it is restored. In addition, there is no grace period for short-term insurance.
: insurance
Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.
From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.