When signing an insurance contract, how should the insurer perform the obligation of explanation

For property insurance, the applicant needs to fill in a detailed policy, including name, date, information of the insured, details of the insured, liability period, value and amount, etc. The insurance policy will be issued after being reviewed by the insurance company and confirmed on site. The applicant must pay the insurance premium on schedule, and the real estate insurance can be handled by the agent. The whole process involves the application for insurance (usually in writing), and both parties agree on the cost (inquiry process), aiming to protect the rights and interests of both parties.

Termination process of rural old-age security: the insured person needs to fill in a detailed application for retirement and attach relevant materials, and submit it to the township management department. After examination and verification by the administrative department, it shall be handed over to the insurance institution at the county level together with the payment certificate and records. The county-level institution shall review again, check and return the corresponding insurance amount after confirming that the conditions are met. The whole process focuses on data verification and amount accuracy.

If the insurance beneficiary dies before the insured, and has not been replaced or the insured has not terminated the insurance, when the insured dies, the insurance company will regard the insurance indemnity as his heritage and pay it to the legal heirs of the insured as part of the heritage.