The interpretation of the Notice has the following points:
The first point: short-term health insurance should have a "no guarantee of renewal" clause. At least include the following words: 1) The insurance period of this product is one year. 2) When the insurance period expires, the applicant needs to apply for the product from the insurance company again, and with the consent of the insurer, pay the insurance premium and get a new insurance contract.
The second point: short-term health insurance cannot use the words "automatic renewal", "commitment renewal" and "lifetime restriction".
("Lifetime limit" refers to limiting the total amount paid by customers for life to a certain value)
The third point: Insurance companies should disclose payout ratio in official website once every six months.
Fourth point: it is not allowed to set an exaggerated insurance amount. After the new regulations, we rarely see nearly 10 million ultra-high insurance coverage.
Fifth point: If short-term health insurance is the main insurance, tying other insurance types is not allowed. If the short-term health insurance is an additional insurance, it is necessary to clearly tell the customer what the corresponding main insurance is, and it is up to the customer to decide whether to buy it. In addition, the customer has the right to cancel the additional insurance separately.
Point 6: When selling, you should show the Notice of Insurance for Short-term Health Insurance Products.
Key tips: (1) The consequences of the insured telling the truth and not telling the truth;
Insurance liability and exclusion liability;
Insurance period;
Insurance amount;
Deductible;
Proportion of compensation;
Waiting period;
The age of insurance is related to the level of premium. ;
Other notice matters stipulated by China Banking Regulatory Commission.
Seventh point: It is forbidden to set assessment indicators such as rejection rate. The actual operating losses caused by unreasonable and unscientific product pricing assumptions shall be borne by the insurance company.
Eighth point: the information about the suspension of sales should be made public, and customers should continue to serve during the insurance period. When the insurance expires, suggestions for re-insurance should also be provided. If the company voluntarily stops selling, it shall disclose the information 30 days in advance. If the product is ordered to stop selling for regulatory reasons, the information shall be disclosed within 3 days from the date of stopping selling.
Point 9: The production of products that do not meet the requirements of this notice shall be stopped before 202 1 and 1.