Are there any restrictions on the guaranteed renewal of the insurance What are the requirements for

Arnold answers: Hello!

Generally, the guaranteed renewal of insurance is not an unconditional guarantee, and the general guaranteed renewal includes two restrictions: one is to continue to be insured for a certain period of time, usually after 3 to 5 consecutive years of insurance, it is eligible to apply for guaranteed renewal. The second is to stipulate the maximum age of guaranteed renewal, generally speaking, it is difficult to obtain the right to guarantee renewal if you are over 65 years old.

At present, the guaranteed renewal of anti-insurance products in the Chinese market can be roughly divided into three categories, namely: guaranteed renewal in the first year, quasi-guaranteed renewal, and guaranteed renewal every five years.

There is a time limit for renewal. In general, the renewal period for long-term insurance is 60 days, while the renewal period for short-term insurance is 15 days. Usually, when the insurance is about to expire, the insurance company will remind the policyholder to renew the policy by text message.

If the policyholder successfully renews the policy within the renewal period, he/she can continue to enjoy the protection rights and interests of the insurance.

If the policyholder misses this renewal period, he or she can apply to the insurance company for renewal in the future, but the insurance company may not agree, and even if it does, it generally requires the policyholder to pay some more interest. Therefore, if the policyholder has the idea of renewing the policy, it is best to apply to the insurance company to renew the insurance before the expiration of the insurance.

But actually,There are certain conditions for guaranteeing a renewal。Specifically, it can be divided into three types:

1. If the cumulative reimbursement reaches the maximum limit, the insurance company will refuse to renew the policy.

Specifically, let's take an example, for example, some insurance products have a termination sum assured, and the renewal age must not exceed the maximum policy age or termination sum assured of the product. To put it simply, the insured age of an insurance product is 0 60 years old, and the maximum reimbursement amount is 300,000. If our cumulative reimbursement amount exceeds 300,000, even if we have not reached the age of 60 (the maximum renewal age), the insurance company will refuse to renew the policy.

2. There is a limit on the number of years of renewal.

Some products currently on the market also come with annual guaranteed renewals, such as guaranteed renewals every few years. After that period, if you want to renew the policy, the insurance company will re-examine your application, that is, re-underwrite. Therefore, we must read the specific provisions of this clause clearly before purchasing.

2. If the main insurance is terminated, the additional insurance will be terminated accordingly.

As we all know, some of the health insurance launched on the market is actually a combination of insurance, such as a certain critical illness insurance plus a certain medical insurance, etc., if the terms and conditions stipulate that the main insurance is terminated after the critical illness is paid, and the additional medical insurance is also terminated, even if the renewal is guaranteed, it is impossible to talk about it.

Therefore, when we buy insurance, we must not forget to choose a product with *** renewal, and the most important thing is to see the specific content of the terms, whether the conditions for renewal, etc. Friends who don't know how to read the insurance terms and conditions, hurry up and open "You must know the routines of these insurance companies".

The main differences between guaranteed and non-guaranteed renewals are as follows:

1. Guaranteed renewal means that the contract stipulates that the renewal can be guaranteed within a few years when purchasing medical insurance, and there is no need to do a health check. At present, the longest is a guaranteed renewal of 20 years;

2. Non-guaranteed renewal means that you have bought this medical insurance this year, and you need to do a health check again when you want to buy it next year, and if there is a health problem, you may not be able to renew the insurance. There are still products in Yushout Prefecture that can no longer be bought if they are no longer on sale.

Guaranteed renewal, that is, the insurance company must unconditionally renew the insured when it expires. Once the insurance company promises to renew the insurance to the insured, it loses the right to underwrite the insured, and the insurance company is not allowed to increase the premium of the insured no matter what kind of new illness the insured suffers from, let alone refuse to insure. For products that are continuously renewed, the risk of whether the renewal can be passed or not, which needs to be borne by the consumer.

Most medical insurance products will require that the renewal of the policy needs to be applied for and approved, and the renewal can be completed by paying the premium rate at the time of renewal.

The difference between guaranteed renewal and non-guaranteed renewal is that if the insurance is in the guaranteed renewal period, the insurance company will unconditionally renew the policyholder's insurance without the need to re-conduct a health audit to report to Luling; If there is no guarantee of renewal, it means that the policyholder will have to accept the health review of the insurance company if he wants to continue to enjoy all the benefits from the product after the expiration of the insurance period, and if the product is discontinued, the insurance cannot be renewed after the expiration of the insurance period.

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At present, there are many insurance products on the market that can provide guaranteed renewal services, such as some million medical insurance products that can be guaranteed to be renewed for 20 years, if the insured has a serious illness claim in the middle of the way, he can continue to apply for insurance in the next year, because guaranteed renewal means that the insurance company unconditionally renews the insured during the guaranteed renewal period.

If the insurance company has promised the insured a guaranteed renewal, it does not have the right to re-underwrite the insured, so the insurance company cannot refuse the insurance during the guaranteed renewal period, regardless of the insured's physical condition during each benefit period.

So what should we do when it comes to renewing our medical insurance? Senior sister will tell you in one article:

How to renew medical insurance and what should I pay attention to? Analysis in one article!

It can be seen that a medical insurance product with *** renewal protection is a very good thing for the insured, because in this way, as long as it is in the guaranteed renewal period, whether it is the insured's health status declines or the product is discontinued, you can enjoy the guaranteed renewal service according to the agreement, and you don't have to worry about the sudden loss of comprehensive protection from the product.

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The difference between guaranteed renewal and non-guaranteed renewal is that during the guaranteed renewal period, the insurance company still has to renew the insured even if the insured's physical health has declined, the claim has been settled, or the product has been discontinued;

If the renewal is not guaranteed, when the guarantee period expires, if the policyholder wants to continue to enjoy the protection of this insurance, he needs to purchase a new insurance company, go through a health audit of the insurance company again, and if the product is discontinued after the expiration of the Shouzhou insurance period, the policy cannot be renewed.

Therefore, when you buy insurance, it is best to choose a product with *** renewal.

Non-guaranteed renewal means that at the end of the insurance period, the insurance contract does not allow the insured to renew the policy unconditionally, if the insured person's physical health deteriorates and does not meet the renewal conditions, or the product is discontinued, then the policy cannot be renewed.

Generally speaking, when we buy medical insurance, we may encounter products with "guaranteed renewal", such as "guaranteed renewal for 6 years, guaranteed renewal for 20 years" and so on. After taking out this type of medical insurance that supports guaranteed renewal, the insured can unconditionally choose to renew the policy during the guaranteed renewal period after the coverage period expires.

For medical insurance that does not specify "guaranteed renewal" in the clause, the insured will be allowed to renew the insurance only if the insured meets the renewal conditions and the product is still on sale after the insurance expires.

It is not difficult to find that the renewal of medical insurance with "guaranteed renewal" is much more friendly to the insured than that of medical insurance with "no guaranteed renewal".

Some friends may feel that they are young now and in very good physical condition, so they do not care whether the product is guaranteed to be renewed when choosing insurance, especially when buying medical insurance, they feel that the protection period of medical insurance is short, and the physical condition must meet the renewal requirements in a short period of time, and it does not matter if the renewal is not guaranteed.

In fact, the risk is uncontrollable, we can't guarantee that the body will still be healthy after a year or a few years, and we can't guarantee that the insurance product will not be discontinued in the short term.

Therefore, try to choose an insurance product with *** renewal to start.

The non-guarantee of renewal means that after the expiration of the insurance period, if the insured applies for insurance again, the insurance company may not agree to renew the policy, depending on whether the insured meets the insurance conditions at that time.

If you want to have stable coverage, it is best to choose some products that are guaranteed to be renewed or have a longer coverage period.