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If the insurance company has set up non-surgical protection, will it call?
Insurance renewal
Renewing insurance refers to continuing to pay premiums in the second year, so that the insurance contract will continue to take effect. If it is insurance with long payment time, it will be paid every year. After paying this year's premium, we will continue to pay a fixed amount in the second year. If the payment period is one year, such as medical insurance and auto insurance, it is necessary to renew the insurance in advance. If the insurance is not renewed, the insurance contract will no longer take effect after the insurance expires. Insurance renewal includes continuous renewal and guaranteed renewal. Continuous renewal means that the company decides whether to renew the insurance according to your actual situation, while guaranteed renewal means that the insurance company must unconditionally promise to renew the insurance.
What is insurance?
Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.
From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.
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