Xiao Nuo answer:
Hello!
The so-called hesitation period, also known as regret period, as the name implies, refers to the period from 10 to 15 days after most insurances are insured, depending on the types of insurance. During this hesitation period, the surrender insurer will refund the premium paid after deducting a small amount of work cost. Hesitation period generally exists in all kinds of life insurance, and short-term accident health insurance has no hesitation period.
Accident insurance is different from long-term life insurance and there is no hesitation period. Even if a few insurance companies promise to have a hesitation period, they will not completely surrender their insurance during the hesitation period. Once the short-term accident insurance purchased by the user is issued, if it must be surrendered, it may lose nearly half of the premium.
The reason why short-term accident insurance has no hesitation period is because insurance companies should guard against moral hazard. Short-term accident insurance itself has a short insurance period. If it is allowed to hesitate to surrender, the insurance company will suffer losses. Therefore, many companies directly stipulate in the insurance contract that there will be no hesitation period for accident insurance, and the accident insurance premium will not be refunded when surrendering.
If the hesitation period is written into the public clause, it shows that accident insurance will also be accompanied by hesitation period. However, during the hesitation period, accident insurance premiums will be deducted according to a certain proportion, and in order to protect the rights and interests of insurance companies, the deduction ratio is also quite high.