The terms of an insurance contract are the content of the insurance contract. They are the contract terms in the insurance contract that stipulate the scope of insurance liability and determine the rights and obligations of the parties to the contract and other related matters. According to different classification standards, insurance contract terms can be classified differently.
1. Based on the basis for their effectiveness, insurance contract terms can be divided into statutory terms and agreed terms. Statutory terms refer to terms that must be clearly stated in accordance with legal provisions. Statutory terms constitute the basic content of an insurance contract. 2. According to their status in the insurance contract, insurance contract terms are divided into basic terms and additional terms.
Legal basis:
Article 18 of the "Insurance Law of the People's Republic of China" An insurance contract shall include the following matters:
(1) Insurer The name and domicile of the insured person;
(2) The name and domicile of the policy holder and the insured, as well as the name and domicile of the beneficiary of the life insurance;
(iii) )Insurance subject matter;
(4) Insurance liability and liability exemption;
(5) Insurance period and insurance liability start time;
(6) Insurance amount ;
(7) Insurance premiums and payment methods;
(8) Insurance compensation or payment methods;
(9) Liability for breach of contract and dispute resolution;
(10) The year, month and day when the contract is concluded.
The policyholder and the insurer may agree on other matters related to insurance.
The beneficiary refers to the person designated by the insured or the policy holder in the personal insurance contract who has the right to claim insurance benefits. The policy holder and the insured can be the beneficiaries.
The insurance amount refers to the maximum limit of the insurer’s liability for compensation or payment of insurance benefits.