Insurance novice, how to quickly understand an insurance contract

Looking at it from several aspects,1Premium, 2Sum Insured, 3Waiting period, 4Insurance liability, 5Exclusion of Liability.

When I buy insurance, I will carefully open the insurance terms, some unreasonable terms I will not buy this insurance, we buy insurance when we take a look at the following three suggestions

The first step is to look at the insurance liability.

Insurance liability mainly describes the coverage and content of insurance, that is, under what circumstances the insurance company must make claims or how to pay the insurance money, which is to solve the problem of "what to cover" in the contract.

For example, critical illness insurance will generally state the type and type of illness covered, whether the compensation is grouped, the number of claims, and the amount of each claim. This part of the content is that the policyholder needs to understand the code pants before buying insurance products, which is related to their core interests, so don't be lazy.

The second step is to look at the exemption from liability.

Exclusion of liability is a clause in which the insurance company will not bear or less liability for the claim. If the insured has a liability exemption, usually the insurance company will not pay a penny, and many of the late claims disputes caused by the rejection of claims are mostly caused by the policyholder or the insured is not familiar with the exemption clause caused by the pure spring, so when we look at the clause, the liability exemption is a part that cannot be ignored.

In general, life insurance and accident insurance will have fewer exclusion clauses than medical insurance and critical illness insurance.

If you can see the content of the above two parts clearly, the terms of an insurance contract will basically understand 90%, because the most important thing in the terms is to figure out what the insurance company insures and what it does not insure, which is the soul of the entire insurance contract.

The third step is to look at **.

**It is the premium to be paid for the purchase of insurance products, which is reflected in the rate schedule, which needs to be based on the insurance company's product query corresponding to the premium corresponding to the insured amount (the general age, the length of the payment period and other factors will also affect the amount of premium that needs to be paid each year).

In the terms of insurance, insurance liability, liability exclusion, ** states what role insurance plays in what circumstances and how much it needs to cost to buy. These are the three core elements of an insurance contract, but there is much more to the insurance clause than these three, and it needs to be reviewed in detail in conjunction with the terms of each contract.

Let's explain common terms. The policyholder is the person who buys the insurance; An insured person is a person who is covered by an insurance contract. You spend money to buy insurance for your dad, you are the policyholder, and your dad is the insured.

Insurance liability refers to the various situations in which the insurance company has to lose money. Exclusions refer to all kinds of matters in which the insurance company does not have to lose money.

In fact, it is very simple to look at the terms of insurance, and we do not need to look at the extent of the disease to pay for it, but we focus on the content of the insurance. For example, how many types of critical illness are there? How many losses?

What is the sum insured? How many types of mild symptoms are there? Does it contain a high incidence of mild disease?

What are the disclaimers? These contents do not contain any difficult technical terms, and everyone can understand them.

I have never bought insurance, but my friend often buys insurance, insurance wealth management products and life insurance, etc., and she will read the terms very carefully. But when you come across a very small word, you won't look at it carefully. After all, it's not the drama Tong Liangshan "Agarwood Like Crumbs" that I like to chase, otherwise I would have watched each chapter carefully.

01 Step 1: How to find the insurance contract.

When many friends buy insurance, it's not that they don't want to read the terms of the insurance, but they don't know what to look at.

There are generally two scenarios for buying insurance, which are divided into:

Apply online. Apply offline.

If you buy insurance online, you can find a link to the insurance terms on the product details page.

If it is an offline insurance, then the contact is generally an insurance broker, who will provide an insurance plan, and the insurance terms need to be asked for from them.

It should be noted that some products will have two names, one is the record name and the other is the network common name.

For example, this Darwin No. 6 from Guofu Life Insurance, which is also called Xiaohonghua Critical Illness Insurance for the record with the China Banking and Insurance Regulatory Commission, but it actually points to the same product.

02 Step 2: Learn to read the insurance contract.

The content that will be talked about below is all in this directory.

The advantage of the table of contents is that we can quickly understand which chapters are the main and important parts, and which are minor and coarse parts, so that we can quickly search and find the corresponding specific content.

Here I take Darwin No. 6 Critical Illness Insurance as an example and take you through a complete insurance contract.

There's a lot of content, but we just need to get to the point.

This is a product that we often see on major platforms**:

This kind of **, in fact, is also made according to the terms of insurance, the purpose is to facilitate consumers to go to the point.