Researching Insurance Policy

Below are some tips you can use to understand the policy that you have.

1. Make sure your contents insurance policy in accordance with which you agree in life insurance demand letter. This information can be found on the front page or a summary of the insurance policy. In this section, you can read the insurance product you buy, a large sum assured, start date coverage, the length of insurance period, large premium payment, also the name of the insured and the name of the policyholder.
2. Is there a clause "free look period." In the insurance policy with this clause, you as the policyholder by the insurance company given the opportunity to read the contents of the policy carefully. If the policy is issued is not to your liking, the policy can be returned to the insurer and the premium you have paid will be refunded.
3. Read Back the general provisions of the insurance policy carefully. In this section, you can read your rights and obligations as the holder of an insurance policy. For example, your obligation to pay the premium and what sanctions should be your responsibility due to late or unpaid premiums. The right to obtain insurance benefits when the insured risks.
   

• Also the rights and obligations of the insurer as the insurer. For example, company's obligation to pay claims filed by policyholders or beneficiaries. The company's right to enforce the automatic premium loan due to delays.
• There are also facilities free period or grace period. Free period given by the company to anticipate delays in payment of premiums. Insurance policy premiums are not paid after the due date for payment until the time limits freely, will still be covered if there is risk in that period. Long period of this flexibility is usually between 30 to 60 days.
• See also chapter on general provisions of the policy exclusions of this insurance. In part this exclusion, you can read some things that are excluded which resulted in unpaid benefits.
• Are there special provisions for the products you buy. Some insurance products have specific specifications that need to be set forth in a special provision. Suppose you purchase additional accident insurance products, special provisions for these products will be attached separately.
• Is a copy of the request life insurance attached. In general, a copy of this letter is attached in an insurance policy, because this life insurance demand letter is the basis for the issuance of insurance policies.