1. Can the insurance be revoked? Within ten days from the day following the delivery of the insurance policy, the insurance policy can be ...
1. Can the insurance be revoked?
Within ten days from the day following the delivery of the insurance policy, the insurance policy can be revoked with the insurance company in writing.
2. Forgot to pay the contract effect after the second instalment
If the original policy is paid annually or half-yearly, the insurance company's reminder document will arrive within 30 days of the grace period; for monthly or quarterly payments, there will be no separate reminder, and the grace period will be 30 days from the day following the delivery date of the policy. If the contract is not delivered after the grace period, the contract shall cease to be valid from the day following the grace period. After the grace period, if the insurance contract is still needed, the insurance company can apply for reinstatement.
3. Waiver of premium rider
During the contract payment period of the insured person, if a specific insurance accident (such as cancer) occurs, the insured person may be exempted from paying the follow-up insurance premium and the insurance contract will continue to be valid. Generally, the insurance company's terms clearly stipulate that in the event of disability, suffering from a major illness, or second to sixth degree disability, exemption insurance can provide protection.
4. Permanent failure
If the policy is not reinstated within two years from the date of suspension, the policy will be permanently invalid.
5. Can I borrow money from the policy?
If an insurance policy accumulates a policy value reserve, you can apply for a loan from an insurance company within a certain percentage of the accumulated policy value reserve. Insurance policies such as whole life insurance policies, variable interest rate annuities (or annuities), and investment policies can borrow money because they have policy value reserves, while insurance policies such as accident insurance, medical insurance, and property insurance cannot.
6. Cancellation of the policy
After the policy is terminated, the policyholder can get back a termination fee that is less than the premium paid. (Not all products have a cancellation fee, please read the policy clauses)
7. Matters needing attention in claim settlement
To apply for a claim, you can first contact the insurance company and salesperson by phone, and then prepare the claim application, hospital diagnosis and other relevant certificates to handle the claim with the insurance company. There are four steps to claim:
(1) Notify the insurance company as soon as possible.
When you have an insured incident, please contact your policy service staff immediately, or call the insurance company to obtain the claim application documents (or online), in accordance with Article 58 of the Insurance Law: the insured person, the insured person Or the beneficiary, in the event of an accident for which the insurer shall be liable for insurance, unless otherwise provided by law or contract, the insurer shall be notified within five days of learning.
Fubon Life Insurance 24 hours a day, 365 days a year.
(2) Consumers prepare documents
including insurance policy, insurance benefit application (or claim application), death certificate (or diagnosis certificate) of the insured, identity certificate of the beneficiary, receipts of relevant expenses and other relevant information.
(3) Consumers submit claims applications and insurance company document review or investigation cases.
(4) Insurance
money is paid to the beneficiary by cheque or remittance by the insurance company; the cheque is made payable to the beneficiary (the cheque is forbidden to endorsed and transferred and crossed with a parallel line). For remittances to the beneficiary's own account, a copy of the passbook account printed with the beneficiary's account name must be attached.8. Appeal
Life insurance companies serve policyholders. In addition to having policyholder service units in various regional branches, there is a policyholder service department (commonly known as policyholder service center) in the head office, which serves as a direct connection between the head office and policyholders. Window.
For service content and service hours,
9. No money to pay premiums
There are four ways to solve it, but it depends on whether the insured content can exercise the following rights.
(1) Apply for automatic premium payment
(2) Reduce policy coverage
(3) Reduced payment insurance
When the insurance policy has been paid for at least one year and has accumulated a considerable amount of policy value reserves, even if you are unable to pay the premiums temporarily, you can apply to change to reduced payment insurance. That is, the original insurance period and conditions remain unchanged, but the accumulated policy value reserve is applied to change the insurance amount that can be covered by the insurance. In this way, you do not need to pay premiums, but still enjoy protection.
(4) Rollover term insurance
When the policy has accumulated a policy value reserve and the payment has been over one year, the policyholder can also choose to apply to the insurance company for the current policy value reserve, which does not exceed the original insurance period, so that the contract can continue to be valid until Term insurance for a specific time.
10. Exclusions
Exclusions refer to items for which insurance companies are not liable for payment. Every insurance product has exclusions. Consumers should fully understand to avoid disputes that may arise after insurance is not received. The number and content of the items are clearly listed in the insurance policy clauses, and business personnel can be asked to provide information before applying for insurance. Generally speaking, the exclusions stipulated in insurance include:
(1) The insured commits suicide deliberately or becomes disabled. However, for those who deliberately commit suicide and die two years after the date of contract signing or reinstatement, the company is still responsible for paying death insurance money or funeral expenses insurance money.
(2) The insured person was executed for a crime and refused to arrest or escaped from prison to death.
(3) The insured intentionally caused the death of the insured.
