What is the long term health insurance cooling off period

More than one year of insurance has a hesitation period, in the contract within 10 is the hesitation period, this period can be better understood, if the surrender of the policy will not be lost.

The hesitation period of the insurance contract is 20 days, and there is no loss if the policy is surrendered within 20 days.

There is a 10-day cooling-off period if the policy is surrendered, there is no loss.

The hesitation period is generally 10 days, and if you don't want to buy it for 10 days, you can surrender the policy, only deduct 10 yuan of production cost, and the premium will be refunded in full.

The 10-day cooling-off period is not forfeited.

The 10-day cooling-off period will not be forfeited.

The cooling-off period is when the policy is surrendered during this period without any loss.

Hello! The insurance period is more than one year.

There is a 10-day cooling-off period to surrender the policy.

Hello! Each insurance policy has 10 days from the date of receipt of the contract, during which the customer can have a familiar understanding of the terms of the insurance, if he is not satisfied, he can refund the insurance premium within 10 days.

The cooling-off period is a power given to the customer, and there will be no loss if the policy is surrendered within 10 days.

There is a 10-day cooling-off period after successful application.

The cooling-off period is to give you enough time to understand if the insurance liability is the protection you want.

The cooling-off period is to allow you to consider the duration of the insurance, the rate, and whether you can pay it normally.

There will be a loss if the policy is surrendered after 10 days.

Hello, there is still a 10-day consideration period after you take out the insurance.

The cooling-off period for long-term health insurance products shall not be less than 15 days, and insurance companies shall not be forced to sell Jianchang Tankang insurance products with other products. Long-term health insurance refers to health insurance with an insurance period of more than one year or an insurance period of no more than one year, but with a renewal clause. The China Banking and Insurance Regulatory Commission (CBIRC) issued the Measures for the Administration of Health Insurance, which stipulates that long-term health insurance products shall have a contractual cooling-off period, and the rights of the policyholder during the cooling-off period shall be listed in the insurance clauses.

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All life insurance policies almost always have a 10-day cooling-off period, which is equivalent to a trial period for products after the mall, during which customers can unconditionally surrender the policy and get back all the premiums they have paid if they are not satisfied with the insurance they have purchased. After the hesitation period, the surrender of the policy is often charged a higher fee, which is very cost-effective, so that even if the customer understands that the insurance is not suitable for him, it is difficult to surrender the policy ruthlessly, resulting in unnecessary losses.

The insurance cooling-off period refers to the fact that within 10 days after receiving the insurance contract (15 days for the bancassurance channel), if the policyholder does not agree with the content of the insurance contract, the policyholder can return the contract to the insurer and apply for cancellation. During this period, the insurer agrees to the policyholder's application, cancels the contract and refunds the entire premium received. This 10 days (15 days for the bancassurance channel) is commonly referred to as the "cooling-off period".

The cooling-off period, also known as the cooling-off period, is a period of time after the policyholder receives the insurance contract and signs in writing, during which the policyholder can apply for the termination of the insurance contract, and the insurer will refund the insurance premium paid after deducting the cost of production. Generally, it is within 10 days from the day after the signing of the contract, and due to different regional regulations, some are natural days, and some are counted as working days.

The hesitation period and the waiting period are two completely different concepts.

The waiting period of insurance is used by the insurer to observe the physical condition of the insured during this period to see whether the underwriting conditions are met, so as to decide whether to underwrite, so it is also called the observation period. Generally speaking, the insurance company does not have to pay for the insurance while waiting for the insurance. The waiting period protects the interests of the insurer and is to avoid the insurer from taking moral hazard, such as some people taking insurance with illness are not allowed by morality and law.

There are long and short waiting periods for insurance, but the shorter the waiting period, the better, because the sooner the insurance is underwritten, the sooner the risk assumed by the insured will be covered. Therefore, when choosing an insurance product, it is necessary to give preference to products with a short waiting period.

The cooling-off period is mainly to protect the protection rights and interests of the insured and the interests of the policyholder. Therefore, insurance products have a certain hesitation period, during which the policyholder can go through the surrender procedures at any time according to his personal wishes and return all the premiums, firstly, to prevent the policyholder from buying bad products, and secondly, to restrain the insurer to fulfill its obligations. When applying for insurance, it is necessary to explain the various terms and conditions to the policyholder in detail to avoid misunderstanding.

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

The surrender during the hesitation period means that the policyholder can return the contract to the insurer and apply for cancellation within 10 days after receiving the insurance contract (15 days for the bancassurance channel) if he does not agree with the content of the insurance contract. During this period, the insurer agrees to the policyholder's application, cancels the contract and refunds all the premiums collected. It should be reminded that after receiving the insurance policy, you must fill in the policy receipt in person, because the insurance company's determination of the cooling-off period is calculated based on the date of receipt.

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