So, what should we do?
1. Note the disclaimer.
Exemption clause, that is, when certain circumstances occur, the insurance company will not compensate. Before you take out insurance, you must carefully look at these non-compensation situations.
For example, in some serious illness insurance, in addition to intentional homicide, intentional injury and other illegal and criminal cases, it is also specifically agreed that the serious illness/situation caused by drunk driving and driving without a license will not be compensated.
For those who don't know much about the exemption clause, you can read here: What is the exemption clause of insurance? What do you think? If you don't understand, you will suffer a big loss!
2. Pay attention to various deadlines
The grace period is generally 60 days, and the premium is paid within 60 days. If there are any risks during this period, the insurance company will compensate. But after more than 60 days, if you enter the suspension period and get out of danger, you will not pay.
The suspension period is generally 2 years, and the premium and interest can be paid at any time within 2 years, so that the policy can be reinstated.
Termination period, if you don't apply for reinstatement after 2 years, the insurance contract will enter the termination period, and no compensation will be paid after the contract ends.
The waiting period is also called the observation period, which is 30 days for general medical insurance and 90- 180 days for critical illness insurance. So if something goes wrong during this period, will the insurance company compensate? Click on the link below, and Senior Sister will tell you!
The insurance company will not pay for the accident during the waiting period? If you don't understand, you will suffer a big loss!
3. Be sure to tell the truth about health.
When purchasing health insurance such as critical illness insurance and medical insurance, it is necessary to carry out health audit, that is, the health notice you will see when you apply for insurance.
Questions in health notification need to be answered truthfully. If you don't tell the truth, when applying for claims in the future, the insurance company can refuse to pay compensation if it finds that it has concealed the health situation before.
However, some tips can be used to improve the pass rate when making health notification. For details, please poke: What are the tips for health notification when insuring?
Hope to adopt!
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