How to choose life insurance? How is the product claimed?
Life insurance product is an insurance product that people are widely concerned about. The protection of this product is very clear and the protection is strong. It is a product that people are willing to buy. Today we will talk about how life insurance claims are settled. How should products be selected? Life insurance products were originally designed to cover the financial burden of injury to the insured due to unpredictable reasons.
A life insurance product is an insurance product that is widely concerned by people. The protection of this product is very clear and the protection is strong. It is a product that people are willing to buy. Today we will talk about how life insurance claims are settled. How should I choose? Take a look.
1. What is life insurance
Life insurance is also known as life insurance. This insurance product is based on the life and death of the insured as the insurance standard. If an insured accident occurs in the life of the insured, the insurance company will pay a certain amount of insurance money according to the contract. Life insurance products were originally designed to cover the financial burden of injury to the insured due to unpredictable reasons. But later, there are more functions in life insurance products. Some products also have savings elements. For some insureds who are still alive when the insurance period expires, the insurance company will also pay the agreed insurance money.
2. How to choose a life insurance product
Life insurance products can be divided into term life insurance and whole life insurance according to the different protection periods. In terms of the protection period, if consumers want to obtain lifelong protection, whole life insurance will be more suitable and can provide consumers with comprehensive insurance care . . From the perspective of the product price, term life insurance has certain restrictions on the protection period, so the price of the product will be lower. For some people who have limited economic income but want to obtain protection, term life insurance is undoubtedly the most cost-effective. The product. If you also value the savings function of the product in addition to protection, you can choose whole life insurance, because term life insurance is a consumer product, and the insurance contract expires, but if the insured is not out of danger, the premium will not be refunded, even if it is refunded halfway. Insurance also does not have cash value, and whole life insurance can apply for a policy loan or surrender in exchange for cash value.
3. Life Insurance Claims Process
After an insurance accident occurs, you should call the customer service number in time, or go directly to the local service center of the insurance company to report the case. If some situations are caused by the untimely reporting of the case, the insured needs to be responsible for it. After that, you need to prepare relevant materials and go to the service center of the insurance company to apply for a claim. The insurance company will review some of the information submitted by the customer to ensure that the situation is an insurance situation, then the claims review will be passed, and the insurance company will transfer a certain amount of insurance money to the bank account designated by the consumer. If the insured accident does not belong to the insurance liability, the insurance company will refuse the claim application and notify the insured.
The above is the relevant situation of life insurance. If it meets the requirements of the product, the claim settlement is very fast, usually within a few days.
