There is a grace period within 2 months of insurance, but after that, the policy will be suspended. If it is reinstated at this time, the policy will be valid, but it should be noted that the health insurance will have an observation period, usually from 90 days to 180 days. At this time, this observation period is counted from the date of reinstatement, that is, after the insurance company accepts the reinstatement application and takes effect, it will be pushed back for 90 or 650 days. The insurance company has the right not to compensate for the medical problems that occur during this period.
Insurance reinstatement is to "revive" the invalid policy through reinstatement function, but we should pay attention to some specific situations. It is understood that reinstatement means that during the two-year period when the insurance contract is interrupted, the insured and the insurance company negotiate to resume the insurance contract and reach an agreement. If you haven't applied to the insurance company for reinstatement after two years, the policy will be completely "dead". However, there is a cost for the policy to be reinstated, especially for health insurance. Because it involves observation period, health status and other issues, the cost may rise, and even the reinstated policy may not be able to claim compensation when it is out of danger. In addition, you need to pay a certain late fee for the re-effective insured.