If an insurance contract lapses; |
Risk management
The lapse of the insurance contract: The insurance contract lapses
by payment period of grace excess in premium outstanding payment
If an insurance contract lapses
The "revival" (the premium does not change with contract
time) condition that can revive
* I lapse, and it is a fixed period of time(For less than 3 years,
it is variable rate insurance less than 3 months)
* A note) delay premium and payment of the interest that abnormality
does thing that there is not it to the health of the person insured
(the examination of a doctor required or a notice) are necessary
"Restoration"
The condition that can restore
* When the health of the person insured does not have abnormality,
and it was got the consent of the insurance company before a fixed
period of time, after a change to the insurance finished with a
reduction, the extension insurance, a payment, the note) savings
deficit and payment of the interest are necessary
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