How long does it take for the insurance to take effect? What is the difference between the effective

The effective period refers to the time when the contract starts to take effect, and the waiting period is a period of time after the contract comes into force.

After buying the insurance, it generally takes effect at 24 o'clock in the evening of the same day, that is, it will take effect the next day. Some insurances do not have a waiting period, while some insurances have a waiting period, especially health insurance, during which the insurance company generally does not assume insurance liability due to illness.

Therefore, in addition to figuring out the effective period, the waiting period also needs to be clarified. However, the waiting period is not necessarily not compensated, and the friends will understand after reading the following: the insurance company will not pay for the insurance during the waiting period? If you don't understand, you'll suffer a big loss!

The waiting period is mainly set to prevent adverse selection by the insured, that is, the act of deliberately taking out insurance knowing that an insured event is about to occur.

However, from another point of view, the shorter the waiting period, the better it is for us consumers. After all, if the waiting period is longer, the probability of an accident during the waiting period will also increase.

For example, the waiting period for critical illness insurance is generally 90 days or 180 days, so obviously 90 days is better.

A good critical illness insurance policy looks like this! You've been lied to for so many years.

In addition to the effective period and waiting period, many friends may not understand the insurance period. The insurance period is also the protection period, for example, the protection period of one-year medical insurance is one year, etc., and the whole life critical illness insurance can be covered until the death of the insured.

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Generally speaking, the insurance will take effect the next day after the insurance is purchased, but it is still necessary to check the specific product regulations!

The effective period refers to the period from the beginning of the insurance contract to the lapse of the insurance. The waiting period is a certain period of time from the effective date of the contract or the date of the last restoration of effect, such as 90 days, 180 days, etc.

That is, the waiting period is a period of time within the effective period. Moreover, not all plans have a waiting period, and basically all insurance plans have an expiration date!

It takes 3 months (some insurance companies stipulate half a year) after the insurance purchase for the insurance agreement to take effect. These 3 months or half a year are called the wait-and-see period by the insurance company. This is mainly because some major diseases have a gradual process, which is reflected in medical insurance, and the policyholder may not know that he has suffered from a certain disease when he buys insurance, in fact, he is already a "patient" (there are also cases where the policyholder deliberately conceals it).

The insurance company believes that it is unfair to have the insurance company bear the responsibility for such large medical expenses that may occur immediately after the insurance is applied. Therefore, the wait-and-see period is set by the insurance company to prevent unwitting concealment and deliberate concealment. The insurance company is not responsible for the medical expenses incurred during the wait-and-see period.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Hello, it will take effect the next day at the earliest. When the insurance is purchased and the premium is paid, it generally takes effect on the next day, but after the effective date, the waiting period must pass before you can apply for a claim, and the waiting period is different for different types of insurance products. Here are the waiting periods for several common insurances.

1. The waiting period for critical illness insurance is generally 90 days or 180 days; 2. The waiting period for medical insurance is generally 30 days; 3. The waiting period for life insurance is generally 180 days. There is no waiting period for accidental injury. ”

It's not the same. The effective period of insurance refers to the period from the time when the policyholder and the insurer sign the insurance contract and the insurance contract takes effect and the insurance expires. Many people think that the insurance contract will take effect immediately after it is signed, but in fact, different types of insurance have different regulations on the effective date of the contract.

The waiting period chain of insurance is an important concept in life insurance, which means that even if an insured accident occurs within the specified time when the contract takes effect, the beneficiary shack tenant cannot obtain the insurance compensation agreed in the insurance contract, and this specified period is the waiting period, also known as the observation period or deductible period.

The effective period mainly refers to how long the insurance contract can be maintained. Some people may ask: is the waiting period set up by the insurance company in order to avoid compensation, but in fact it is not, the waiting period is only to protect the reasonable interests of the insurance company, mainly to prevent the moral level of sick insurance.

The effective period of insurance is different from the waiting period, which is generally after the time when the insurance contract is established and before the effective time. And not all plans have a waiting period for coverage.

Like medical insurance.

There is a waiting period for insurance such as critical illness insurance, which is to observe the insurance situation of the insurer who has been cautiously defeated, so as to decide whether the insurance company will underwrite it.

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The waiting period and the effective period of insurance are two different concepts and are not the same. The waiting period generally refers to a period of time after the contract takes effect, and the waiting period for critical illness insurance and life insurance is generally 90 days and 180 days, and the waiting period for medical insurance is generally 30 days and 60 days. During the waiting period, the insurance company generally does not assume insurance liability due to non-accidental accidents.

During the waiting period, the insurance company will not pay? If you don't understand, you'll suffer a big loss!

The effective period of insurance generally refers to the period from the beginning of the effective date of the insurance contract to the expiration of the insurance contract. The insurance contract generally takes effect on the day after the contract is signed. In this way, the scope of the effective period of the insurance is usually larger than the waiting period.

Don't have enough knowledge about insurance? You can't miss this article:

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The main purpose of buying insurance should be protection, compared with paying attention to the waiting period and effective period of insurance, in fact, it is more important to pay attention to the protection content and protection strength of the product. For example, critical illness insurance with additional critical illness benefits gives the insured the opportunity to receive an additional compensation after the occurrence of a contracted critical illness, with more money to be used for** and compensation for loss of income. The senior sister has sorted out the selection criteria for good critical illness insurance, and interested partners may wish to click the link below to take a look:

Good critical illness insurance in the original silver to look like this! You've been lied to for so many years.

China's Insurance Law

The time point of the formation and entry into force of the insurance contract is clarified:

Article 13 of the Insurance Law stipulates that: "If the policyholder makes an insurance request, the insurance contract shall be established with the consent of the insurer to underwrite." The insurer shall issue an insurance policy to the policyholder in a timely manner.

or other certificates of insurance. The insurance policy or other insurance certificate shall clearly state the content of the contract agreed upon by both parties. The parties may also agree to set out the contents of the contract in other written forms.

An insurance contract established in accordance with the law shall take effect from the time of its establishment. The policyholder and the insurer may agree on the validity of the contract with conditions or a time limit. ”

The entry into force of a general insurance contract stipulates the time of entry into force. Depending on the type of insurance, the effective time is also different.

For example, accident insurance.

is effective immediately. Critical illness insurance.

There is a waiting period. According to Article 13 of the Insurance Law, an insurance contract established in accordance with the law shall take effect upon its establishment. The policyholder and the insurer may agree on the validity of the contract with conditions or a time limit.

The effective date of the policy refers to the effective date after the life insurance policyholder fills in the policy and pays the first premium and the insurance company agrees to underwrite the policy, and the insurance company shall issue the policy as a proof of underwriting. The effective date of the policy is based on the date stated on the first page of the policy. The policy anniversary, policy month, premium maturity date and policy maturity date are counted on that date.

In addition, the waiting period varies for different insurance products.

1.Critical illness insurance.

Generally, the waiting period for mainstream critical illness insurance in the market is 90 days or 180 days.

2.Medical insurance: Generally 15 days or 30 days, with 30 days being more common.

3.Life insurance: The waiting period is generally 180 days, and there is no waiting period for accidental injury insurance.

4.Accident insurance.

Generally, there is no waiting period, but some products have a waiting period of one week.

Of course, when you choose to buy, it is best to choose a product with a short waiting period, which is the best for consumers themselves.

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If you buy accident insurance, it will take effect at 0:00 the next day, and if you buy health insurance, you will have a waiting period or observation period, and the time ranges from 30 days to 180 days, and the specific time is subject to the provisions of the insurance contract.

It should be noted that the effective time of the insurance has no need to be related to whether the policyholder pays the premium, as long as the two parties agree, even if the premium is not paid, the insurance can also take effect.

According to Article 13 of the Insurance Law, the insurance contract is established when the policyholder makes an insurance request, and the insurer agrees to underwrite the insurance and reaches an agreement on the terms of the contract. Therefore, in principle, the insurance policy can be effective at the same time as the insurance contract is established.

Generally speaking, the effective date of the insurance contract refers to the day after the payment of the premium or the day after the date of receipt of the policy. However, it is important to note that some policies take a few days or even longer to take effect. If you want to know more about insurance, you may wish to take a look at the following article:

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In addition, there may be a waiting period, or observation period, after the insurance is in effect. If the insured is insured due to non-unexpected factors during the waiting period, then the insurance company has the right not to be liable for the insurance claim. The waiting period is also different for different types of insurance.

For example, the waiting period for critical illness insurance is generally set at 90 days or 180 days, and the waiting period for medical insurance is mostly 30 days. If you still want to know more about the waiting period, you can take a look at the following article: The insurance company will not pay during the waiting period?

If you don't understand, you'll suffer a big loss!

In addition to the waiting period, when we choose an insurance product, we also need to look at the insurance product itself, such as the content of the insurance liability, payment period, coverage period, exemption clause and so on in the product contract. If you want to buy a critical illness insurance product, you need to pay special attention to whether the protection content of the product is complete, whether the protection of critical illness, moderate illness and mild illness is covered, and whether it provides multiple claims for high-incidence critical illness, exemption for the insured, exemption for the policyholder, etc. Want to know more details?

Take a look at the following article: Before buying insurance, be sure to understand these key knowledge points!

Generally speaking, our insurance policy takes effect the next day after the premium is paid. However, most insurance products usually have a waiting period after they become effective. To put it simply, the waiting period means that during this period, the insurance company will not pay if the insurance is usually caused by a non-accident.

The waiting period is different depending on the product. Generally speaking, the waiting period for long-term critical illness insurance is generally 90 days or 180 days, the waiting period for medical insurance is mostly 30 days, and the waiting period for accident insurance usually does not have a waiting period. When we configure insurance, we should carefully read the terms of the contract, understand what the waiting period is, and choose products with a short waiting period as much as possible when the conditions such as coverage content and premium are similar.

Generally speaking, the shorter the waiting period, the sooner the insured can enjoy the protection they deserve, and the better it is for the consumer.

However, generally speaking, if the accident is caused by an accident during the waiting period, there is no waiting period limit, and as long as the relevant claims conditions of the contract are met, the compensation can be obtained normally. If you still have doubts about the waiting period, you can read this article: The insurance company will not pay during the waiting period?

If you don't understand, you'll suffer a big loss!

In fact, the reason why insurance companies have to set up a waiting period is to prevent some people with ulterior motives from cheating insurance, such as applying for insurance with illness. If there is an abnormality in our body, do not deliberately conceal it in order to successfully apply for insurance, and there may be difficulties in claiming claims in the future! Here is a super practical strategy for insuring sick insurance, you can refer to it:

Remember these 5 steps to get you sick and get out of the insurance smoothly!

After buying insurance, it generally takes effect on the next day, and some products, such as accident insurance, can specify the effective date, or take effect after 1 3 5 7 days.

After the insurance takes effect, it is still necessary to pay attention to the waiting period, because the insurance is not compensated during the waiting period, so the actual time that can be used for insurance is after the waiting period, the waiting period for medical insurance is generally 30 60 90 days, the waiting period for critical illness insurance is generally 90 180 days, and there is no waiting period for accident insurance, which can be used after it takes effect.

Hope mine can help you.

Under normal circumstances, after buying insurance, it will be effective from the next day, but there is a waiting period after it takes effect, if there is a need to make a claim, you must wait for this waiting period to pass before you can apply, different insurance waiting periods.

There are also differences, for example, critical illness insurance generally has to wait for three to six months, medical insurance is generally one month, life insurance is also six months, and accident insurance is more special and there is no waiting period. The specific terms and conditions of the purchased product shall prevail.

Most insurance companies set up a waiting period in order to avoid user fraud, if the waiting period is over, you can lose money, but there will be a suspicion of insurance fraud within the waiting period, and the waiting period for different insurance is not the same, such as critical illness insurance is three to six months, medical insurance is one month, life insurance is also six months, accident insurance will be special, there is no waiting period, After signing and handling, if you encounter an accident, you can directly lose money.

Therefore, when we buy insurance, we must observe the date when it takes effect, do not think that you can get compensation after signing, and when choosing insurance, we should also look at the regulations, and it is best to buy some insurance with a short waiting period, which is more beneficial to ourselves.

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