Some friends have not been too exposed to insurance, do not quite understand some of the insurance terminology, for insurance whites, the school sister also organized an explanation of the insurance terminology to you, the next, the school sister and everyone together to understand, the premium renewal actually means what? What do I need to pay attention to?
I. What does premium renewal mean?
Renewal can be understood as when the insurance contract is about to expire, the insured person needs to apply for the insurance company, you can take to extend the period of the insurance contract or re-apply for the insurance procedures in any way. During the renewal process, the insurance company or the insured can usually increase or decrease the amount of insurance or adjust other contents according to the needs.
There are generally three ways to renew an insurance policy: signing a new insurance contract, signing a "renewal statement" in accordance with the original terms and conditions, and using the "renewal receipt" to collect the renewal fee as proof of renewal, all in accordance with the original policy terms and conditions. All conditions are in accordance with the original policy.
What do you need to do to renew your medical insurance? Then you need to take a good look at this article:
"Medical insurance renewal how to do, what to pay attention to? An Explanation in One Article!
2. What does guaranteed renewal mean?
Guaranteed renewal, on the other hand, means that the insurance company must unconditionally renew the policy after the expiration date. If the insurance company promises the insured guaranteed renewal, it cannot underwrite the insured again, and no matter what illnesses the insured is unfortunate enough to suffer from again, the insurance company cannot increase the premiums because of these illnesses, and cannot refuse to insure the insured. Thus, it makes sense to offer guaranteed renewals for the insured.
Third, how to buy medical insurance?
Renewal is usually found in medical insurance, as the coverage period of medical insurance is usually only 1 year, and medical insurance is one of the types of insurance that many consumers need to configure, so whether or not it can be renewed has become a question of interest to many consumers. How to configure medical insurance?
The reason why it is best to include proton reionization in the coverage is that proton reionization requires a considerable amount of treatment cost, and if the insured has to bear the cost on his own as usual, then the financial pressure will be very great. The shorter the waiting period study, the better, so that the full coverage can be enjoyed earlier.
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Four, before buying medical insurance
Medical insurance is one of the four major types of insurance that we must consider, and medical insurance has a relatively inexpensive premiums, a few hundred dollars to obtain a very high amount of coverage. However, many insurance companies have medical insurance on sale, and it is really difficult to choose a product that meets your needs.
It's easy to get sidetracked if you're not paying attention. To buy medical insurance, familiarize yourself with this knowledge: medical insurance with a dozen or so exclusions should be reconsidered, as the exclusions are what the insurance company is not liable to pay for.
The percentage of coverage for liability should be adequate, which affects the amount of money that can be reimbursed. Health information must be truthful, otherwise the insurance company has the possibility of refusing to pay when the claim is made. You should check the contract carefully before purchasing and consult your insurance agent if you don't understand anything.
Fifth, where to buy medical insurance is the most cost-effective?
Medical insurance is divided into two ways to buy online or offline, if you want to not set foot out of the house, to go out to save the time, or have a social fear of the partners, online buying is a correct path, you can buy insurance directly through the insurance agent on WeChat, go to the official website of the insurer themselves, insurance sales platforms, insurance brokers and other online channels to buy is also possible.
If you want to listen to an insurance agent explaining the content of the product in person, you can go to the insurance company's offline business office or directly find an insurance agent to buy it.
What is the difference between online and offline insurance? Which way to buy the product is more reliable? If you want to know the answer, then take a look at this article:
"Is it reliable to buy insurance online? What is the difference between online and offline insurance?
Good medical insurance policies include a renewal or guaranteed renewal feature, but the process of choosing a medical insurance policy should be configured in relation to your needs and budgetary situation, and it is best to compare a number of products, and as a result, determine the one that is most suitable for you to start with.
Written in the end
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