What happens to the insurance premium? In life insurance, after the first period of insurance premiums, the installment insurance premium should pay according to the payment of the payment according to the payment contained in the insurance policy. If the insurance premium is late, the contract is still effective within 60 days of the payment of the self-payment fee, that is, insurance accidents during this period, the insurance company also assumes insurance liability, but should be deducted from the insurance premium The insurance premium and interest payment (Al Accounting Day corresponds to the date of payment), which is called a grace period. If the insured has not paid insurance premiums, the insurance contract is suspended from the next day, that is, an insurance accident, the insurance company will no longer bear the insurance liability. However, if the contract effectiveness is not more than two years, if the insured is healthy, it can work properly, the insured can fill in the re-examine application, and submit the insured after the insurance company's designated hospital, the insurance company agreed, And the insurance premium and interest owned (the status date for the payment date), the insurance company issued a bill of order, and the contract is resumed from the next day, and the insurance company continues to assume insurance liability. If the contract effectiveness is more than two years (ie, the insurance premium is late for two years and more than two years). If the insured can no longer apply for a resumption, it must be re-insured, of course, the cost will be much higher than the completion, and some Offer is unable to enjoy.
