How to get paid life insurance benefits

General Secretary of the Vietnam Insurance Association advises insured persons to provide accurate information on their age, history of illness and treatment, income, etc., to ensure their benefits.

  Loss of benefits due to lack of information Buying life insurance is one way to minimize the risk that life can be and a solution to financial problems when it comes to economic pillar. However, many people do not declare properly enough information should be refused to pay insurance benefits. Mr. Phung Dac Loc, general secretary of Vietnam Insurance Association, said his family Hoang Trung Dung (Xuan Thuy, Cau Giay) after completing procedures to buy life insurance 3 months, Mr. Dung must be hospitalized with diagnose "glomerulonephritis" with a history of "nephrotic syndrome". His family was not paid insurance benefits because he had not previously made full diagnosis of the hospital when signing the contract. This is just one of the many cases where insurance benefits are not paid due to inadequate declaration of contract. Normally, after the agreement, the insurance company and the customer will sign an insurance contract, which, in part, is committed to full disclosure. Proper filing and disclosure of information is a principle that all people intending to participate in life insurance should remember, because that is how they take the initiative to protect their own interests. Typically, the case of Ngoc Lan (Ly Nam De, Hoan Kiem, Hanoi) buy life insurance for parents with chronic lung disease. Ms. Lan carefully asked her father about the information and full and accurate declaration of her father's medical history as well as her financial condition, career, gender, age. Eight months after completing the procedure, Lan's father was rushed into hospital and Lan's family was paid a part of the hospital fee, supporting the financial burden with her family. The life insurance market has been developing for 20 years and about one million customers have paid insurance benefits up to nearly VND100 trillion, but this benefit is only available to insured persons. In a spirit of honesty and transparency, he said.   How to protect your interest when joining insurance According to Mr. Phung Dac Loc, general secretary of the Vietnam Insurance Association, to ensure their interests, before deciding to join the insurance policy, the insured should also prepare and seek. understand well First, you should choose reputable insurers in the market. Then, determine between your requirements and your ability to choose the main life insurance product and the right product. The next important step is to ask the insurance agent to provide full and clear advice on the terms of the insurance claim, the rules and terms of insurance of the insurance product you want to buy. Mr. Loc also noted that in order to ensure their benefits, the insured person must sign and declare the information required by the insurer in the insurance application form. The case of Thang's family's recent insurance claim (Quang Ninh) is a typical example. His application for insurance was handed to the company on August 22, the day after his accident on 21 August. A copy of the insurance claim - an inseparable part of the insurance claim is also printed and signed on August 22, the day after his accident. However, the date on the insurance claim is dated August 20, one day before his accident. Many signs of doubt in the process of settling insurance benefits caused insurance companies have to ask the Criminal Science Institute to join. The agency's findings show that he was not the person writing and signing the claim. And, according to legal regulations, the company has decided to deny coverage of temporary insurance benefits is well founded.   In addition to the requirement that the insured person sign the insurance application, Mr. Loc also noted that insured persons should provide information on age, history of illness and treatment, income , life insurance contracts already signed with other insurance enterprises so that insurance enterprises can identify risks. The financial capacity of customers participating in insurance should be long-term, stable to accept insurance and determine the amount of insurance with the level of premium payment appropriate. In the declaration of information, there is one element that many people are interested in, such as health information. Mr. Loc said that depending on the number of years required for the declaration of the insurer, the insured should honestly declare in the time from 2 to 5 approximate years, including information such as: health check Where, find out what disease, where the treatment lies ... Insurance companies will refuse to pay insurance if they find out that the insurer fails to provide adequate, truthful information about their health, condition or circumstances.

disability when purchasing insurance. This is the main cause of the disputes between the insurance policy between customers and insurance companies in court for many years, Loc said.

General Secretary of the Vietnam Insurance Association said that life insurance helps people not only save their personal and family financial resources but also be an effective investment tool with competitive interest rates. is an effective risk prevention solution. Therefore, in order to ensure the full benefits of this civilized product, every citizen and customer needs to understand the terms of the contract before signing.

"Be smart customers to self-interest," he said.