What does the Chinese life accident or 30 day waiting period mean?

1. What does the waiting period of 30 days mean? To put it bluntly, within 30 days after signing the policy contract, if the insured has an insured accident caused by a non-accident, the insurance company will not pay compensation, and the insurance with a 30-day waiting period is generally medical insurance. The purpose is to prevent the policyholder from deliberately defrauding the insurance while knowing the existence of the accident.

The length of the waiting period varies depending on what type of insurance you buy. For example, in the case of critical illness insurance, there is generally a waiting period of 90-180 days. However, there is no waiting period for accident insurance, and the regulations are effective from midnight the next day.

2. Will the refund of the premium be refunded during the waiting period? There is no definite answer to this, it mainly depends on how the insurance company decides. Generally speaking, if a critical illness occurs during the waiting period, then the insurance company is likely to terminate the contract and naturally refund the premium.

If you buy medical insurance and are hospitalized during the waiting period, although the insurance company will not reimburse the expenses, most of them will continue to recognize the validity of the insurance contract. Ultimately, it is up to the insurance company whether to terminate the contract or continue to underwrite or add exclusions.

Hello, general medical insurance has a 30-day waiting period, also known as the observation period, there is no waiting period for accidents, that is to say, within these 30 days, the contracted illness or related symptoms or examination results can not occur, therefore, it is best not to go to the hospital if there is no emergency.

The insurance waiting period of 30 days can be simply understood as after signing the insurance contract, if the insured accident occurs within 30 days, the insurance company will not be responsible for compensation.

The main purpose of setting the insurance waiting period is to prevent the possibility of fraudulent premiums for the policyholder knowing that an insured event will occur. Normally, there will be a waiting period for illness insurance, such as critical illness insurance, medical insurance, etc., but the waiting period for critical illness insurance is relatively long, generally 90 days or 180 days, during which the insured will not compensate for critical illness. There is generally no waiting period for accident insurance when buying insurance, and after purchasing accident insurance, it generally defaults to 0:00 the next day, and the effective time of the insurance contract is generally clearly stipulated when signing the contract.

No matter what kind of insurance you buy, you must first understand the coverage, know what to pay and what cannot be paid, and also understand the process of making a claim, only then can you know whether the insurance meets your needs. Nowadays, many insurance companies are paid once a year, so when buying insurance, you must consider the burden of the family, do not affect your normal life because of the purchase of insurance, and the best money to buy insurance is your own spare money.

How long is the waiting period? There are slight differences between different types of insurance: critical illness insurance, life insurance:

Generally, it is 90 - 180 days, medical insurance: basically 30 days, accident insurance: there is no waiting period, and the policy can be covered when it takes effect.

In addition, a one-year product such as Million Medical Insurance usually has no waiting period if the policy is successfully renewed in the second year. When we talk about the waiting period, we are relative to the disease. However, accidents cannot be made in advance, and if an accident occurs during the waiting period, it is possible to make a claim normally.

For example, if Xiao A purchases a critical illness insurance of 500,000 yuan, the waiting period is 90 days. A traffic accident on day 10 that results in both legs being amputated qualifies as a critical illness insurance"Multiple limbs are missing"Claim conditions. Therefore, whether it is accident insurance, critical illness insurance, medical insurance, or term life insurance, you can get a claim if you are insured due to an accident during the waiting period.

Medical Insurance: Sickness during the waiting period cannot be claimed, but the policy is still valid. If other illnesses occur after the waiting period, then you can make a claim.

In fact, the setting of the waiting period is not to make things difficult for us, but to eliminate some bad ones and give us the best protection for policyholders. Buying insurance is actually a matter of getting insurance as early as possible. The sooner we can protect ourselves, the better we can benefit.

The waiting period for the insurance contract is 30 days from the date of signing the insurance contract. In other words, if there is a non-accidental insured event within 30 days, the insurance company will refuse to pay compensation. For medical insurance products, there is generally a waiting period ranging from 30 days to 90 days.

The waiting period is set to prevent the occurrence of insurance with illness and then insurance fraud afterwards.

In addition, there will be a waiting period for critical illness insurance and life insurance, while accident insurance products usually take effect on the second day of application.

This means that if an illness occurs within 90 days after the purchase of medical insurance, the insurance company will not pay for it.

The purpose of setting a waiting period is to prevent the policyholder from taking out insurance immediately knowing that an insured event is about to occur, which is called adverse selection. The waiting period is calculated from the effective date of the contract or the date of reinstatement, and only applies to the first year of insurance, and for renewable policies, there is generally no waiting period for the renewal year.

If the conditions for a minor illness or critical illness are met, inform the insurance company that the premium will be refunded, the contract will be terminated, or the policy will continue to be valid, but according to the definition of "first (primary) diagnosis" in the claim conditions, the minor or critical illness will be excluded, and the claim will not be made if it occurs again.

The insurance waiting period is a period set by the insurance company to prevent the policyholder from breaching the insurance contract, during which the insurance company does not assume any liability. The length of the waiting period depends on the regulations of the insurance company, some insurance companies may not have a waiting period, some may have a 30-day waiting period, and some may have a 90-day waiting period. This article will introduce in detail the meaning, reasons, characteristics and how to deal with the waiting period.

1. What is the insurance waiting period?

The insurance waiting period is a period set by the insurance company to prevent the policyholder from violating the insurance contract, during which the insurance company does not assume any liability and the policyholder does not enjoy the insurance coverage. The length of the waiting period depends on the insurance company's regulations, some insurance companies may not have a waiting period, some may have a 30-day waiting period, and some may have a 90-day waiting period.

2. The reason for the waiting period for the insurance of the sedan car.

The insurance waiting period is set to prevent the policyholder from maliciously applying for insurance, for example, some policyholders know that they have a certain disease or symptom, and an insured accident occurs within a short period of time after applying for insurance, which causes huge losses to the insurance company. Therefore, the insurance company sets a waiting period during which the insurance company is not liable if the insured accident occurs.

3. Characteristics of the insurance waiting period.

The characteristics of the insurance waiting period are:

1) The length of the waiting period depends on the regulations of the insurance company, some insurance companies may not have a waiting period, some may have a 30-day waiting period, and some may have a 90-day waiting period.

2) During the waiting period, the insurance company does not assume any responsibility for the insured accident occurs.

3) The waiting period is set by the insurance company to prevent the policyholder from maliciously applying for insurance, and during this period, the policyholder cannot enjoy the insurance protection.

4. How to deal with the insurance waiting period.

1) Read the insurance contract carefully before applying for insurance, understand the regulations of the insurance company, and determine the length of the waiting period.

2) When applying for insurance, you should truthfully inform your health status, and do not conceal or mislead the insurance company, so as not to affect your insurance rights.

3) During the waiting period, you should pay attention to your health and try to avoid insurance accidents, so as not to affect your insurance rights.

The insurance waiting period is a period set by the insurance company to prevent the policyholder from violating the insurance contract, during which the insurance company does not assume any liability and the policyholder does not enjoy the insurance coverage. Before applying for insurance, you should read the insurance contract carefully, understand the regulations of the insurance company, truthfully inform your health status when applying for insurance, and pay attention to your health during the waiting period, so as not to affect your insurance rights.

This article introduces in detail the meaning, reasons, characteristics and how to deal with the waiting period, etc., the insurance waiting period is a period set by the insurance company in order to prevent the policyholder from violating the insurance contract, before applying for insurance, you should read the insurance contract carefully, understand the regulations of the insurance company, and truthfully inform your health status when applying for insurance, and pay attention to your health during the waiting period, so as not to affect your insurance rights.

The 30-day waiting period for an insurance product refers to the waiting period for an insurance contract within 30 days from the date of signing the insurance contract. In other words, if there is an accident (except for accidents), the insurance company will not be liable for the claim, and you need to wait for 30 days before you can enjoy the full coverage of the product.

The reason why the insurance company sets up the waiting period is to prevent someone from maliciously defrauding the insurance, and to a certain extent, it can also reduce the probability of insurance. If there is no waiting period, if consumers go to apply for medical insurance or critical illness insurance when they know that they are suffering from a disease, the loss rate will also be greatly increased, and the risk cost will be very large for the insurance company. When there are many such cases, the insurance company is prone to losses.

In general, insurance companies set different waiting periods for different insurance products, with the waiting period generally being 90 days or 180 days for critical illness insurance and 30 days for medical insurance. Of course, the specific terms and conditions of the purchased insurance product shall prevail.

For more information on how insurance companies deal with insurance during the waiting period, you can check out this article:During the waiting period, the insurance company will not pay? If you don't understand, you'll suffer a big loss!

Speaking of which, I believe you also have a certain understanding of the waiting period for insurance. Normally, the insurance company will not be liable for the claim during the waiting period, but if the insured person is affected by an accident, the insured can apply for a claim. Therefore, for us consumers, the shorter the waiting period, the better.

Hope.

The 30-day waiting period means that after signing the insurance contract, if the insured person is insured within 30 days of non-accidental reasons, the insurance company will not make the corresponding claim. Secondly, most insurance companies are suspicious of the insured's behavior during the waiting period, and the basic change is to refund the premium or cash value.

Super full of judges! Everything you need to know about insurance is here

In fact, the insurance company sets a waiting period, mainly because the insurance company wants to avoid the occurrence of malicious insurance fraud, you can think about it, if someone suffers from a critical illness, does not want to bear the huge ** cost, so choose to buy insurance, let the insurance company bear the money.

Such behavior undoubtedly adds a huge burden to the insurance company, how can the insurance company allow such a thing to happen?

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

Let's take critical illness insurance as an example, the critical illness insurance on the market is roughly divided into two waiting periods, one is 90 days and the other is 180 days. Of course, according to what the senior sister said above, the shorter the waiting period for an insurance product, the better.

After all, if the insured unfortunately goes out of insurance during the waiting period, the insurance company will not pay compensation, and the insured can only pay all the medical expenses out of his own pocket.

Therefore, the shorter the waiting period of an insurance product, the sooner the insured can get through the blank period and enjoy the comprehensive protection brought by the product earlier.

So what are the precautions for buying a critical illness in addition to paying attention to the waiting period? Senior sister to tell you:

When buying insurance, you need to pay attention to these when buying critical illness insurance! Hope.