The insurance liability under this contract is divided into basic liability and selective liability.
Basic responsibility
During the insurance period of this contract, we undertake the following insurance responsibilities:
Continuous insurance premium
During the payment period agreed in this contract, the insured lives on the corresponding date (see 10.5) when this contract comes into effect, and we will pay the insurance money according to the basic responsibilities of this contract specified in the insurance policy.
2% will pay continuous insurance to the beneficiaries of survival insurance. If you choose to pay the insurance premium in one lump sum, we will not pay the continuous insurance premium to the beneficiaries of the survival insurance premium.
Detailed terms of healthy life of Taikang Life Insurance:
The insured will pay in full every time you pay the fee.
After 5 years of basic liability insurance premium, this contract will take effect in the first year and on the corresponding day. We pay the basic liability insurance premium of this contract according to the insurance policy.
50% will pay special insurance money to the beneficiaries of survival insurance money. If you choose to pay the insurance premium in one lump sum, we will not pay special insurance premium to the beneficiaries of survival insurance.
Survival insurance money
(1) from the effective date of this contract to the corresponding date in the first year after reaching the age of 60 (excluding 60).
After one year, but before the effective date of the first year of this contract), before the effective date of each year, we shall pay the survival insurance money to the beneficiaries according to 10% of the basic liability insurance amount;
(2)
After the insured reaches the age of 60, we will pay the basic liability insurance amount from the annual effective date of the first year of this contract (including the corresponding date of the first year of this contract after reaching the age of 60).
20% should pay the survival insurance money to the beneficiaries of the survival insurance money.
death insurance
When the insured dies, we pay the death insurance money to the beneficiary, and this contract is terminated. The amount of death insurance is:
(1) If the insured is over the age of.
If 18 years old dies (excluding 18 years old birthday), the amount of death insurance premium is equal to the basic liability insurance premium paid by you in this contract;
(2) If the insured reaches the age of 18 (including
18 birthday) to the effective date of the first year of this contract after reaching the age of 60 (excluding reaching the age of 60)
The death insurance premium is equivalent to110% of the basic liability insurance premium paid by you in this contract;
(3) If the insured has reached the age of 30.
The effective date of the first year of the Contract is after the age of 60 (inclusive) to the effective date of the first year of the Contract is after the age of 79 (exclusive).
After one year of age, this contract will come into effect in the first year). The amount of death insurance is equal to four times the amount of basic liability insurance, MINUS the beneficiary of survival insurance when the insured reaches the age of four.
Basic liability survival insurance money received after the effective date of the first year of this contract (including the effective date of the first year of this contract after the age of 60);
(4) If the insured is over the age of
If he dies after the effective date of the first year of this contract (including the effective date of the first year of this contract after the age of 79), the death insurance premium will be zero.
Disposable option
If the insured is over the age of
After reaching the age of 60, this contract still exists on the corresponding day when it comes into effect in the first year. Beneficiaries of survival insurance can choose to receive survival insurance in one lump sum, and the amount is equal to 3.6 times of the amount of basic liability insurance, including the expiration of the insured.
After reaching the age of 60, this contract is terminated, and the basic life insurance premium and special insurance premium shall be collected on the corresponding date in the first year of this contract. In order to exercise the above option, the beneficiary of the survival insurance money needs to live with the insured until he reaches the age.
The contract shall be exercised within 30 days before the first year after the age of 60. If the beneficiary of the survival insurance fails to exercise the option within the above-mentioned time limit, it will be regarded as giving up the option and we will continue to perform this contract.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.