has a special function that can save policyholders a lot of money at critical moments. However, many friends don't know the existence of this function. If you don't know it all the time, you may lose a lot. The function that Mr. Wutong wants to talk about
is premium exemption . It is not difficult to understand from the name. This is a function that allows policyholders to avoid paying premiums.
Specifically, the premium exemption means that when the policyholder or the insured meets the agreed specific circumstances, they can be exempted from paying the later insurance premium, but the insurance is still valid and they can continue to enjoy the original protection. Is this a very user-friendly function?
Premium waiver can be subdivided into two types, one is to exempt the policyholder, and the other is to exempt the insured.
exempts the insured, which means that if the insured and the insured are not the same person, when the insured suffers from mild illness, serious illness, total disability or dies, he can be exempted from continuing to pay premiums, but the insurance company The contract will still be fulfilled.
This function can be used when insuring children, spouses, or parents. If you add a premium exemption function when buying insurance for your children, it will improve the protection a lot.
When both husband and wife want to buy insurance, they can be policyholders for each other. With the premium exemption, if one of the parties is in danger, the future premiums of both parties can be exempted, which can reduce the financial pressure on the family.
For example, if a husband and wife insure each other, they need to pay an insurance premium of 10,000 yuan per year for a total of 20 years. If one of them is in danger in the second year, the total premium of 180,000 yuan for the remaining 18 years will not be paid.
However, exempting the policyholder requires additional costs, which appear in the insurance contract in the form of additional insurance. In addition, the policyholder must pass the health notification. Therefore, the exemption for policyholders is not optional.
exempts the insured, which means that when the person insured by the policy encounters the agreed specific circumstances, they can be exempted from continuing to pay premiums, and the insurance is still valid. Under normal circumstances, there is no additional fee for the exemption of the insured, and it will be included in the insurance contract. How about
, if there is this premium exemption function in the insurance, do you feel that the protection has increased a lot?
