The provisions of the Insurance Act regarding whether a claim is made in cash or in kind

Solution: Hong Kong insurance premiums are cheaper, the coverage is large, and the claim terms are relaxed. Because Hong Kong is one of the three major financial centers in the world, Los Angeles in the United States, London in the United Kingdom, and Hong Kong in Asia.

Therefore, you can enjoy lower premiums and higher returns when applying in Hong Kong. At the same time, most of the world's multinational insurance companies operating insurance business in Hong Kong, coupled with Hong Kong's complete legal system and strict supervision by the British legal system, all provide policyholders with a high degree of integrity and comprehensive protection. 1. For the insured of the same age, the Hong Kong premium is usually 60%-70% of the domestic policy2. If it is a critical illness, more diseases are covered, and 52 kinds of early-stage critical illnesses are also covered, and the coverage is more comprehensive.

3. After five years of the policy, the value has been higher than that of the domestic policy. What does this mean? Illustrate two....

According to the provisions of Article 11 (3) of Announcement No. 31 of the State Administration of Taxation [2019] of the State Administration of Taxation, the other property insurance services provided by taxpayers, the in-kind compensation and cash compensation methods for machinery and equipment, housing and other property insurance business signed between the property insurance company and the policyholder involving the payment of repair costs are agreed as follows:

1. "In-kind payment".

If the property insurance contract stipulates that the insurance company's compensation method is for the insurance company to repair the insured property to its original state (indemnity in kind), that is, after the property is out of insurance, the insurance company purchases repair services from the repair company in its own name and pays the repair fee.

2. "Cash Payout".

If the property insurance contract stipulates that after the property is out of danger, the insurance company will pay compensation to the insured, and the insured will repair it by himself (cash payment), and in order to improve customer satisfaction.

The insurance company contacts the repair company on behalf of the insured to repair the insured property and transfers the compensation that should have been paid to the insured to the repair company.

The official website shall prevail.

The principle of loss compensation in the four principles of insurance is restored to the state before the use of the damaged subject. Compensation can be made on behalf of the same model or item (with similar market value). There is no specific definition. It is appropriate to deal with the actual facts of the case!

Car insurance in-kind payment means that the car does not pay the amount after the accident, but helps the car owner to repair the car directly.

Almost all auto insurance companies in the United States have adopted the bridge sock claim model of in-kind compensation, and the development is relatively mature. Advance Insurance Company of America uses an in-kind payment model, and its customer engagement rate is 90%, and customer feedback is relatively good. In Japan, for ordinary vehicle losses, the claims adjuster will send them to the repair shop, and the customer can take them away after the repair is completed, and the subsequent settlement and other matters will be completely handled by the insurance company.

Comparatively speaking, Japan's claims settlement model tends to be more proactive, and it is a "proactive claims service".

At present, auto insurance operators in developed countries in the insurance industry generally adopt this claim model. In the long run, the implementation of the in-kind compensation model in China will be a general trend.

There are three ways for insurance companies to compensate:

1. Payment-type compensation method: This compensation method means that the insurance company compensates the insured person for the insurance amount in a lump sum in accordance with the provisions of the contract.

2. Compensatory compensation method: This compensation method refers to the amount of insurance compensation that the insurance company pays to the insured not exceeding the amount of loss.

3. Allowance-type compensation: This compensation method mainly appears in hospitalization insurance, and the insurance company will subsidize the insured according to the number of days of hospitalization, such as nutrition allowance, lost work allowance, etc.

Three types of claim outcomes from insurance companies:

First, normal claims: This is relatively easy to understand, that is, the insured has or suffered from the situation stipulated in the contract, and the relevant claim information is provided, and the insurance company will pay the policyholder or beneficiary according to the insurance amount stipulated in the contract after review.

Second, negotiate the claim: When applying for a claim for the first time, the insurance company refuses to make a claim, but there is still a possibility of a claim. Negotiation of claims is, you say you don't pay, there is still the possibility of compensation; You say compensation, but not all of them need to be compensated.

One party is responsible, or some places cannot obtain evidence, and the responsibility is not clear, so it is necessary for both parties to sit down and negotiate how to pay.

Third Accommodation Claim: When applying for a claim for the first time, the insurance company refuses to make a claim, but there is still a possibility of a claim. Accommodating claims are that they do not meet the conditions for claims and should not be compensated, but the insurance company will compensate a little appropriately for some reason.

I hope mine can help you, you don't understand insurance, feel free to ask me.

The physical payment of car insurance means that after the car has an accident, the physical insurance code does not cover the amount paid, but helps the owner to repair the car directly.

At present, the insurance industry is relatively developed.

of auto insurance operators generally adopt this claim settlement model. In the long run, the implementation of the in-kind compensation model in China will be a general trend.

There are three ways for insurance companies to compensate:

1. Payment-type compensation method: This compensation method refers to the one-time payment made by the insurance company in accordance with the provisions of the contract.

The insured pays the insured amount.

2. Compensatory compensation method: This compensation method refers to the amount of compensation that the insurance company pays to the insured no more than the amount of loss.

3. Allowance-type compensation method: This kind of compensation mainly appears in hospitalization insurance, and the insurance company will subsidize the insured according to the number of days of hospitalization, such as nutrition subsidy, lost work subsidy, etc.

1.Do not keep a large amount of cash at home, except for the place where you can protect your daily expenses, you should keep it in the bank.

2.Passbooks and valuable** should be set up passwords, such as record code books, should be stored separately and concealed.

3.Families with conditions should set up a small wall-type safe, which can put a small amount of cash, passbooks, valuables, gold and silver jewelry, jewelry and other valuables into it.

4.Expensive items, such as gold, silver, jewelry, precious calligraphy and paintings, antiques, etc., should be stored in a safe deposit box in a bank with safekeeping business.

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

Article 43 of the Insurance Law Where the insured intentionally causes the death, disability or illness of the insured, the insurer shall not be liable for the payment of insurance money. If the policyholder has paid the insurance premium for more than two years, the insurer shall refund the cash value of the insurance policy to the other right holders in accordance with the contract.

From this point of view, as long as the payment is more than two years, the cash value will be refunded.

Yes, Chinese Life launched a such insurance, or the first case, the premium is very low, the claim is very high, I have a color page here, do you want it.