Does one dive headlong into insurance, not knowing what to buy or how to buy it.
Now, I'll spend three minutes to explain what the various common insurance policies are all about. First of all, we have to look at the classification of insurance. The first is to buy insurance for items to insure some things that may be lost, which is called property insurance, such as car insurance. The second is insurance for people called life insurance, which protects people's bodies and lives, and is bought for the protection of whoever is the insured, whoever pays for it is the insured, and whoever is the beneficiary when something finally happens and the claim is paid to.
Insurance purchased for goods is not complicated, today mainly to 索償 talk about buying insurance for people, I will be divided into three categories of personal insurance: doing things in the hospital, doing things in the hospital, and doing things in retirement.
First, go to the hospital insurance similar to an accountant, responsible for reimbursement of the cost of staying in the hospital, this insurance is called medical insurance, we usually use a million medical insurance, only a few hundred dollars a year, can be as much as four million, the tube is once we are hospitalized for something, hospital expenses reimbursement.
Secondly, outside the hospital for insurance, like a friend of the landlord, responsible for when we suffer from a certain major disease, a lump sum of insurance money to us, this insurance is called critical illness insurance, although it sounds similar to medical insurance, but the price is much worse, and the main types of critical illness insurance, regardless of the money spent in the hospital are reimbursed, are very easy to buy the wrong one. Many friends will say I spent so much money to buy insurance, the result of this also does not pay, so here to look at our policy first, look at the disease insurance claims conditions, serious illness insurance is certainly to trigger the claims conditions to pay, and if there is no additional insurance, critical illness insurance will not reimburse the cost of treatment in the hospital.
The third is the management of retirement and education insurance, that is, a fixed amount of money deposited each year, and then taken out in installments, not taken out of the money continues to compound interest, this insurance is called annuity insurance, usually sold as a financial product, characterized by absolute safety of the principal, to ensure that in the future when we need money can be used, and there can be inherited legal properties.
In addition, there is also accident insurance, the medical reimbursement costs caused by the accident is called accidental medical insurance, the management of the accident to a certain extent, a lump sum of money called accidental benefit insurance, these two types of insurance is also very easy to buy the wrong, take accidental benefit insurance can not be reimbursed.
There is also a kind of insurance called life insurance, which refers to the insurance that will pay out only after the death of the person, later to write this article specifically, not much to say here, we buy each of the different insurance things are different, if we use accident insurance to claim, due to illness caused by hospitalization certainly can not be claimed, so it is important to clarify what problems you plan to solve when you buy insurance, never listen to others to buy a product they do not need or inappropriate.
In addition, after buying an insurance policy, it is also important to know how much the coverage is, how much the premium is, what is covered and what is not covered, the contract is very clear, even after buying the insurance you should look at it carefully to confirm that it is not based on the need to buy insurance. If you make a purchase mistake, most insurance policies have a hesitation period of 15 to 20 days, during which time a full refund can be made without conditions.
The insurance industry is a financial tool that helps us to avoid and transfer risks. Learning to use it wisely is an important part of the family asset management process, and we hope that you can face it with a scientific perspective.
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submit an insurance claim
When you make a claim, you ask an insurance provider to pay you a specific amount of money in accordance with the conditions of the insurance policy. The period of time after filing a claim during which a policyholder cannot receive insurance benefits is known as the elimination period.
The Criminal Injuries Compensation Authority will consider your claim for compensation if you were hurt as a result of a violent crime (CICA). If the offense was committed within the last two years and was promptly reported to the police, you will be qualified.
Claims An insurance policy that only covers claims that are reported during the policy's term is referred to as being "made." This may not be the same time frame as the incident or mistake that gave rise to the claim.
Claims processing, in its simplest form, is the process used by insurance companies to examine claim submissions for sufficient documentation, validation, reasoning, and validity. The insurance provider may fully or partially reimburse the healthcare provider for the cost of the procedure.
Final pay consists of retirement money, unpaid salary, prorated 13th month of pay, unused service incentive leave, cash equivalent for unused vacation and other leave entitlements, other forms of pay or compensation covered by collective agreements or mandated by the employer.