Time limit for premium payment: if there is a special agreement, the premium shall be paid in accordance with the contract; If there is no agreement, you must Formation of contract The payment shall be made at.
In addition, it can be delayed for 60 days from the due date, during which the insurance benefits remain valid. This 60 day period is called grace period by the insurance company. However, if the applicant fails to pay the renewal premium in full after the 60 day grace period insurance contract Will abort. After the insurance is suspended, it will resume its effectiveness only when it proposes to reinstate. In addition, there is no grace period for short-term insurance.
《 Social Insurance Law 》Article 2
Basic state building endowment insurance , Basic medical insurance 、 employment injury insurance 、 unemployment insurance 、 maternity insurance etc. social insurance System to protect citizens from aging, disease Injury on-the-Job The right to obtain material assistance from the state and society according to law in the case of unemployment and childbirth.