What is the new insurance contract What are the new insurance contracts

New Contract: An insurance contract that was signed for the first time (the first time of rebellion).

Because in the insurance industry, many insurance policies have to be paid for many years in a row.

The contract that is signed for the first time (after the payment is successful) is called a new contract.

If you continue to pay the insurance premium in the second year or later, it is called a renewal contract.

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1) The underwriting department should formulate an underwriting policy and prepare an underwriting manual that is consistent with the company's objectives.

2) The insurance department should evaluate the policyholder when deciding whether to accept the insurance.

3) The underwriting department shall make an underwriting decision after evaluating the relevant information.

4) Another important function of the underwriting department is underwriting management.

Extended Information: 1. Underwriting.

Underwriting is an important part of insurance business, which refers to the insurer's choice of the insured, that is, the insurer's decision to accept or reject the policyholder's insurance. It refers to the act of the insurer after the policyholder submits a request for insurance, and after review, it is found to meet the underwriting conditions and agrees to accept the policyholder's application and assume the insurance liability stipulated in the policy contract. The most important part of the underwriting work is underwriting, the purpose of underwriting is to avoid the adverse selection of dangers, to achieve the development of the enterprise with benefits, underwriting activities include the selection of the insured, the risk of the code classification, the appropriate coverage of the decision, the determination of the appropriate rate or **, for the development of personnel and customers and other aspects of the service.

It is an important part of insurance business, which refers to the insurer's choice of the insured, that is, the insurer's decision to accept or reject the policyholder's insurance. The basic objective of underwriting is to arrange a safe and profitable business distribution and portfolio for the insurance company.

2. Pay attention to the coverage of insurance.

1. When buying insurance, it is important to see the coverage clearly. For example, if you buy home contents insurance.

Does it cover your calligraphy, paintings, antiques, etc.? Does the travel insurance you buy compensate for medical expenses for accidental injuries? Are there any exclusions for your health insurance?

Sometimes, whether we can enjoy more adequate protection does not depend on the total amount of insurance, but on whether we have bought the right insurance product.

2. In fact, what makes us feel depressed is that often what you need is what the insurance company cannot provide. For example, in the early years, bicycle theft was so severe that there was an urgent need to insure bicycle theft insurance, and of course, no company would design such a product. Because insurance spreads the risk through the control of the probability of payout.

If the probability of a loss is high, the risk is simply too great for the insurance company. In order to cope with the risk and avoid operating losses, insurance companies must increase their premiums. But the premiums are too high, and people are reluctant to buy them.

Generally speaking, the protection that people urgently need is often the probability of loss is relatively large, which happens to be related to the risk control of insurance companies.

Contradictions arise.

The newly formed contract is the new insurance contract.

The premium for the new contract is the premium paid when you first purchase the insurance.

The policy is divided into a new contract policy and a renewal policy, the new contract is the first purchase of insurance, and the insurance you buy belongs to the new contract of the insurance company; Renewing a policy is to purchase a term payment policy, and when the premium is paid again in the second year (or even the subsequent payment period), this is a renewal for the insurance company.

The new contract insurance requirements include the following:1. Insurance policies, insurance invoices and other vouchers are managed according to important blank vouchers, and are required to be used in the order of numbers, and the printed voucher number should be the minimum number of the voucher currently available to the teller.

2. The insured amount is between 100,000 yuan (inclusive) and 500,000 yuan (including brother bridge), which is authorized by the sales supervisor; More than 500,000 yuan (inclusive) shall be authorized by the head of the sub-branch (bureau).

3. There are two ways for customers to pay insurance premiums, namely check insurance and card discount insurance.

4. Customers must bring their valid identity documents to the outlets, and they need to sign for the insurance documents after the insurance is successfully purchased.

Insurance is in the form of a contract, and the most important thing is to share or transfer risks and financial integration.

At the same time, as a contractual economic relationship, insurance follows the principle of maximum good faith, and clarifies the rights and obligations of both parties through the signing of the insurance contract, so that the insured obtains compensation within the scope of the insurance contract by paying premiums, and the insurer has the right to receive premiums and the obligation to provide compensation. From an economic point of view, insurance is a financial arrangement to share the loss of accidents; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.

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