What should we do if we buy unsuitable insurance?

One is the printing of promotional materials with misleading content. Second, when the marketer interprets the terms, he exaggerates the promised income and does not truthfully inform the policyholder of his rights. The third is to blur the boundaries between insurance products and other financial products.

In addition to the above reasons, there are also some factors that come from the policyholder. "The policyholder feels unsatisfactory in the claim process, on the one hand, he does not have a clear understanding of the insurance terms and feels that the insurance company's compensation amount is not enough; On the other hand, if they think they can make a claim, the insurance company will not pay compensation, which is also the main reason for their surrender. A life insurance sales consultant of Ping An Life explained.

What to do if you don't refund Adjust the premium or protection, and try not to refund if you can not surrender Since the loss of surrender to the policyholder is so great, is there a better way to avoid such things from happening? In this regard, the insurance consultant of Henan Business Daily talked about his own views. "When surrendering the policy, we must first find out the reason for the customer's surrender, dissuade it in time, and ensure the maximization of the customer's interests, because once the policy is surrendered, it is not only the loss of premiums, but also the loss of protection.

Gan Shiyan, Deputy General Manager of Ping An Life Henan Branch Trick 1 Change the annual payment to semi-annual, quarterly, and monthly payment If you have doubts about the payment time or amount, you can change the payment cycle, so that customers can change the annual payment to semi-annual, quarterly, monthly, etc., so as to reduce the current payment pressure in a way that is reduced to zero, so that customers can continue their insurance protection within the scope of their own economic conditions, so that the protection will not be missing due to economic reasons. However, changing the annual premium payment to semi-annual or monthly payment methods will lead to an increase in the operating costs of the insurance company. Therefore, the total amount of insurance premiums paid each year will be slightly more than the amount paid once a year.

Insurance can be refunded, but be clear about the risk of return. If the cooling-off period is passed, there may be three losses: 1. Loss of protection 2. Financial loss 3. It will be more difficult to apply for insurance in the future due to premiums and health problems.

Find a professional person to analyze and sort out the insurance policy;

According to the conclusions of analysis and collation, combined with their own situation, make corrections;

The last resort is to surrender the policy.

As long as it's healthy, how can you not buy it! Unless you can't buy it.

How can you not buy the right insurance? What's the problem?

But there are two sides to everything, there are good and there are bad.

When the "unreasonable terms" appear to you, you will find that your previous efforts have been in vain

In order to protect my own rights and interests, I want to reject such unreasonable and unfair terms.

1) When buying insurance, you will see that the rock is to such a clause:

This contract shall be terminated if it occurs after the conclusion of this contract and meets one of the following conditions:

death of the insured;

The valid identity document of the policyholder, insured person or beneficiary is invalid.

You may ask, is this what the scope of the protection liability is?

No, this is not the case, the terms of this insurance plan are actually formulated and exist to protect the interests of the policyholder and the insured.

The exclusion clause is specially designed by the insurance company to avoid some special circumstances for the customer.

For example, some insurance companies will include drug abuse, drunk driving, etc. in the exclusion clause, and some will even include suicide and some suicide attempts in the exclusion clause.

As a result, customers will have a big misunderstanding that they are telling the truth when they apply for insurance; However, in fact, these exclusion clauses are not absolute, and some are not expressly agreed in the insurance contract.

Therefore, if you find that the insurance you have purchased is not suitable, you should consult a professional about the specific content of the insurance contract you have purchased.

There are some insurance plans that limit the number of claims, such as "after the first critical illness claim, if the probability of another critical illness cannot exceed the second critical illness"; or "Critical illness beyond the second time is not covered by the claim".

There are some products that have no deductible, unlimited times, and a high reimbursement ratio (most of which can be reimbursed 100%).

Such a clause is not only extremely unfavorable to the insured, but also will cause consumers to be unable to obtain claims in time.

For example, there is a medical insurance in the first ** that only covers hospitalization expenses, but does not cover outpatient expenses for 7 days before and 30 days after hospitalization; In the second one, there is a major chain breaking disease (cancer), which only covers the cost of 30 days after the diagnosis of cancer; In the third picture, there is a malignant tumor (30 days after the cancer diagnosis), as long as the insured is diagnosed with a malignant tumor and undergoes tumor removal surgery, the claim can be paid.

This product limits the number of times a consumer can get a claim from the start.

Deductible: The liability of the insurer to compensate or pay the insurance money after the occurrence of an insured event when the compensation amount is lower than the insured value.

The deductible cannot be double-counted, nor can more than two accidents be double-counted.

However, the deductible limit will affect the benefits that the customer can receive from the insurance company

For example: "Except for the first 10 years, the cumulative deductible for every 1 year thereafter shall not exceed 10,000 yuan" ......What does this mean?

As a method of risk management, the basic role of insurance is to diversify risks and absorb losses.

The insurance function refers to the role and efficacy that the insurance system can play, which directly determines the necessity of the existence and development of the insurance system, and also determines the status and role of the insurance industry in a country's financial dependence and even in the social and economic system.

The functions of insurance can be divided into basic functions and derived functions:

1) Basic functions.

The basic function reflects the mechanism of insurance, and the method of collecting premiums is used to share the losses caused by disasters and accidents, so as to achieve the purpose of economic compensation, which is divided into two functions: loss sharing and economic compensation.

Loss apportionment function: insurance is a method of apportioning losses, which is based on the opposition and unity of the contingency and inevitability of disasters and accidents, and the reason why the insurance mechanism can operate is that the insured is willing to pay a small amount of definite insurance premiums in exchange for compensation for large uncertain losses. Insurance organizations collect premiums from a large number of policyholders to share the large losses suffered by a small number of their members.

Economic compensation function: insurance uses the method of apportioning losses to achieve the purpose of economic compensation, and provides economic compensation to units and individuals damaged by disasters and accidents in accordance with the insurance contract, and the emergence and development of insurance are to meet the needs of compensating for disaster losses.

2) Derivative function: The derivative function of insurance is the function of investment and financing and the function of disaster prevention and loss prevention.

Senpi investment and financing function: on the one hand, it is for the insurer, because there is a certain time lag between the collection of insurance premiums and the payment or compensation of insurance money, the insurer can invest in insurance at this time, so that the insurance can maintain and increase its value; On the other hand, it is for the policyholder, who can choose certain insurance products to obtain the expected payment of insurance money, so as to use insurance as an investment.

Disaster prevention and loss prevention function: Generally speaking, the insurer can realize the disaster prevention and loss prevention function by providing loss management services, that is, helping the insured to analyze, analyze and evaluate the potential loss risk, and propose reasonable pre-prevention plans and loss management measures.

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

The insurance company does refuse to pay compensation, but on the whole, its actual claim rate is still very high, and it is still necessary to allocate insurance for yourself or your family.

If you want to know what are the specific benefits of buying insurance, you can take a look here:What are the benefits of buying insurance? A lot of people think too much.

Insurance is essentially a tool to transfer economic risks and protect our financial losses.

Commercial insurance refers to the fact that when the policyholder pays the insurance premium to the insurance company, if the insured has something agreed in the contract during the insurance period, the insurance company will pay the insurance money, which is generally divided into life insurance and property insurance.

In fact, according to the claims reports of various insurance companies in 2022, the actual claim rate of insurance companies is very high, basically exceeding 97%, and even the claim rate of many insurance companies has reached 99%. From this point of view, there are not many cases of insurance denials, and the vast majority of people can successfully get the claim amount.

So why is it said that insurance often denies claims? In fact, insurance companies do refuse to pay, but most of the reasons for refusal are as follows.

1. The insured conceals the illness and insures the insurance. Some insurance plans have a health notification link to prevent people from taking out insurance with illness. If the policyholder deliberately conceals the health notice and the insurance is successful, the insurance company has reason to refuse the claim if the insurance is subsequently insured.

2. The claim materials are incomplete. After applying for a claim, if the corresponding claim materials are incomplete, such as lack of medical reports, hospital bills, etc., then the insurance company also has a reason to refuse the claim.

3. The application for compensation involves the exemption clause agreed in the contract. Under normal circumstances, the insurance contract will stipulate an exemption clause, and if the insured's situation meets the circumstances in the exclusion clause, such as intentional homicide, illegal crimes, etc., the insurance company can refuse to pay.

4. Waiting period for insurance. Some insurance products will set a waiting period, most of which are 30 days, 90 days, 180 days, etc. If the insurance is incurred during the waiting period (except in the case of an accident), the insurance company will usually refuse to pay.

However, insurance still needs to be bought, because the occurrence of risks exists objectively and is not transferred by human will. In a person's life, the probability of encountering disease risks and accident risks is still relatively large, and purchasing insurance can help us transfer the economic risks caused by diseases and accidents.

If you want to give full play to the real strength of insurance, we must learn to allocate insurance scientifically and reasonablyHow to buy insurance for different age groups? Everyone should have their own planHope!