Do you understand the waiting period, hesitation period, grace period and the three periods of insurance?

internet Today, online and offline business is also very popular. No matter whether you buy insurance from offline stores or online, there are after-sales services, such as "7 days return without reason, 15 days exchange, one year warranty" in online shopping malls. Special products like insurance also have some after-sales rules. Today, let's study together!

1、 Waiting period

I believe I bought it Serious illness insurance Or life insurance friends have some understanding of the concept of "waiting period". The waiting period is healthy insurance contract Not undertaking Insurance liability During the waiting period due to non unexpected circumstances, insurance company There is no need to assume the responsibility for claims settlement.

The original purpose of this clause is to prevent moral hazard, such as the occurrence of insurance with illness, such as "disease death liability" of life insurance or health insurance (such as serious illness insurance Medical insurance ）, there is a waiting period.

The waiting period of different types of insurance is also different. The waiting period of medical insurance is generally 30 days (some companies will set different waiting periods according to different diseases). For life insurance and serious disease insurance, the waiting period is 90 days or 180 days, and for those extended to a one-year waiting period, the premium will be much lower, which is also worth paying attention to; It is calculated after the insurance policy becomes effective.

general insurance contract The wording of "" is as follows: some customers have insured health insurance, and problems found during the waiting period will be defaulted as diseases before insurance, and will not be compensated. Therefore, body Healthy customers are not recommended to have physical examination during the waiting period after buying health insurance.

2、 Hesitation period

The hesitation period is also called the "calm period", which is similar to the "7-day return without reason". The hesitation period for different products is about 10-20 days (the new health insurance management requires that the subsequent health insurance product hesitation period be set as 15 days). Of course, the specific number of days is still subject to the policy, which is calculated from the effective date of the policy.

If you buy a long-term insurance and find it inappropriate after research, if you apply to the insurance company for surrender during the hesitation period, the insurance company will not charge any fees and return the premiums paid without interest. On the contrary, surrender after the hesitation period will bear the corresponding economic losses.

Due to the short underwriting time of short-term insurance itself, the premium is cheap, and there is no waiting period, after the policy takes effect, the insurance company has already assumed the insurance liability, and it is also reasonable to assume the corresponding premium losses and handling fees for surrender. Of course, the surrender of insurance also means that you no longer enjoy the corresponding protection. It is suggested that you should also select appropriate products to replace them in a timely manner, so that there is no gap period for the protection. In general, understanding the hesitation period can help our consumers minimize their losses and obviously have more options.

3、 Grace period

The grace period is related to the payment of premium. Many people buy long-term insurance and choose to pay for it in 20 or 30 years, assuming that for some reason bank card The balance is insufficient, and the insurance company cannot deduct. At this time, the policy will not be completely invalid. As long as the fees are paid within the grace period, the policy will continue to take effect. The common grace period is 60 days.

The existence of grace period can keep our insurance from being interrupted. As mentioned earlier, life insurance and serious disease insurance have waiting periods, and there will be a gap period when they are re insured. On the other hand, the premium rate of insurance products increases with age, not to mention the inability to obtain insurance through health notification. Therefore, in the case of missed premium renewal, we recommend that you take advantage of the grace period to renew insurance in a timely manner.

The above is the relevant content of the "three phases" of insurance. If there is anything you don't understand, you are welcome to ask questions and discuss!