How to apply for a life insurance policy?

Pre-Medical History and What to Know About Insurance Buyers Accurate and accurate medical records are the obligations of insurance buyers. This is also the principle in insurance so that the interests of insured participants are guaranteed. Starting from the importance of providing this information, the Law on Insurance Business and Civil Code 2005 also regulates the obligation to disclose information of customers as follows: Clause 2 of Article 18 of the Insurance Business Law states that "the insurance buyer is obliged to fully and accurately declare all details related to the insurance contract at the request of the insurance enterprise." One of the requirements before purchasing life insurance is to report the patient's medical history. Customer health assessments are usually conducted on the basis of trust in the claims filed in the claim. This is not just the basis for the insurance company to approve or refuse insurance for customers, but also the basis for the settlement of insurance benefits later.

In cases where customers are not sure about their health because they do not have the time or the exact evaluation conditions, they should report in details on the current symptoms that the customer can feel according to the questions. already available on file. A statement is available for marking yes / no. In each statement will list a variety of diseases for you to choose. For example: have you ever coughed up blood, have you had any bleeding in the stomach, have you smoked or not, you have any signs of disease in the following ... If yes, please add a note. How do I get a doctor ... for the insurance company to verify more accurately. Absolutely no disclosure is just a small part because the insurance company has the right to check with the entire hospital around the world and all your visits are recorded. The full and honest declaration of customers in the insurance application dossier helps not only to quickly and conveniently handle insurance benefits when insurance events occur, but also legal elements. It is very important for the insurance contract to take effect later, which is the basis for settlement of mutual interests in the future. Time to report a medical history when buying life insurance Normally, the declaration of insurance must be completed before the insurance contract is signed. In contrast, insurance companies must disclose information relating to the scope of their activities, terms and financial capabilities so that participants can make the appropriate selection. According to the current law, after the contract is issued, customers still have time to consider is 21 days. During this time, customers can look more closely at the rules, terms of products, review the information that they have provided. The insurance buyer has the right to refuse to participate in the insurance during the consideration period. The Company will refund all premiums paid, without interest, after deducting the costs of medical examination, medical examination or other expenses related to the Insurance Contract (if any). Or, if the information provided is incomplete or inaccurate, the insurance buyer may request the company to adjust or supplement it, subject to acceptable conditions. Why do you need to be honest in reporting a medical history when purchasing life insurance? Buying life insurance is a way to reduce the risk of unforeseen events that may occur in the future. Insurance policies are only legally valid when the establishment is conducted on the basis of truthful information of the parties. Lack of honesty in reporting medical history when buying insurance will cause buyers to lose benefits. For example, customer A before buying insurance has been treated at the hospital for some time. Medical record records the state of the patient is thin body, shaking hands and feet with a history of the disease is "drinking heavily"; Abdominal ultrasound results are "big liver". Doctors diagnosed with "alcohol withdrawal syndrome". However, when reporting a medical history, this customer A did not provide information on alcohol consumption and "alcohol withdrawal syndrome" in the claim file. Therefore, the insurance company has refused to pay death benefit on the grounds that customers have declared incomplete, accurate and honest information when purchasing insurance. Or, after 2 months of life, customer B dies of cirrhosis and has been hospitalized for 6 months. However, claim B does not report the disease. Therefore, the insurance company will refuse to pay death benefits. There are many other cases where there is no guarantee of honesty when declaring health, medical history and the main beneficiary is the participant. At this point, the insurance contract will be forced to terminate due to fraudulent acts, intentional profiteering. Pre-medical history records when purchasing life insurance In life insurance, customer information cIn the case of insurance coverage, insurance premiums are an important factor and a basis for considering and deciding whether or not a customer qualifies for life insurance coverage. Among the information customers provide, health information is key and most important.
In cases where the customer reports his / her health status, the insurance company shall consider the insurance premium at the normal rate or at a higher premium rate. And when the insurance is approved, customers will be paid by insurance companies under the contract. Claiming a medical history is extremely important. Make sure you understand the meaning of this principle and use it to get the best out of life insurance.