Before the lecture, Senior Sister prepared an insurance knowledge material for everyone. Interested friends can poke the following article:
Super full! Everything you want to know about insurance is here.
1. insurance payment method
At present, the common premium payment methods mainly include wholesale payment, annual payment and monthly payment. It is easy to understand whether it is annual payment or monthly payment, that is, annual payment or monthly payment of premium; Usually, the monthly premium can be paid, and most of them are insurance products sold by telephone.
However, wholesale payment is different. Wholesale payment actually means paying all premiums at one time. This payment method is mainly easier for the insured and the procedure is relatively simple. But it must be said that it is not an easy task for the insured with insufficient budget.
If a small partner wants to know more about the barge, the following article should not be missed:
What do you mean by "barter"? What are the benefits?
In short, the payment method of an insurance product is naturally the more choices, the better; In this way, everyone can choose their own payment method according to their actual economic situation and insurance needs.
2. Precautions for premium payment
In addition to wholesale payment, there is no need to pay premiums regularly. For example, a small partner who chooses to pay premiums on an annual or monthly basis may forget to pay premiums on time. What will happen if they don't pay the premium on the agreed fixed date? Let's talk about it for everyone.
Forgetting to pay the premium on time, the policy may enter three time periods: grace period, suspension period and termination period.
(1) If it is within the grace period (usually within 60 days of unpaid payment), you only need to pay the fee normally, and the policy is normal and valid. (2) If it is in the suspension period (unpaid premium 6 1 day -2 years), the insurance company needs to re-insure, and the policy can continue to be valid after passing, and the unpaid premium and interest generated during the period must be made up.
(3) If it is in the termination period (that is, the premium has not been paid for more than 2 years), the insurance company has the right to contact the contract and return the cash value of the policy, resulting in relatively large economic losses.
For those who forget to pay the premium, this article must be read:
If I forget the premium, will the policy status be invalid?
Hope to adopt
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