There is generally no waiting period for renewal. The waiting period of commercial insurance, also known as the observation period or exemption period, refers to the designated period when the insurance contract comes into effect, even if an insurance accident occurs, the beneficiary can not get insurance compensation. This period of time is called waiting period. The waiting period is to prevent the insured from taking out insurance immediately knowing that an insured accident will occur. Generally speaking, health insurance has a waiting period. The waiting period is generally calculated from the effective date or reinstatement date of the contract, which is only applicable to the first insurance year. For renewable policies, there is no waiting period in the renewal year.
Different products have different waiting periods. The waiting period of general serious illness insurance is 90 or 180 days, hospitalization is 30 or 90 days, and hospitalization allowance is 30 days. However, there is generally no waiting period after accidental medical treatment takes effect.
If the start date of insurance is 65438+1 October 1, and the waiting period is 90 days, that is, the waiting period is 65438+1 October1to March 3 1, the insurance company will not be responsible for the insurance accidents occurring during this period, and from April/.
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