How to make up for the failure of insurance contract due to failure to pay in time? Is the insurance company responsible?

Introduction: With the improvement of people's living standards, people pay more and more attention to their own wealth management, and many people gradually have a demand for insurance. However, because some people failed to pay the insurance in time, the insurance contract was invalid. How to make up for it? Is the insurance company responsible? Let's take a look with Bian Xiao!

I. Invalid insurance contract

Invalid insurance contract refers to the insurance contract concluded by the parties, but it has no legal effect and the state does not protect it. Paper is illegal. Mandatory provisions of laws and administrative regulations and non-performance of public interest mean that after an invalid insurance contract is concluded, the parties fail to perform according to the actual contract and do not bear the responsibility for non-performance. Invalid insurance contracts are illegal, and the state does not recognize and protect them. Once it is deemed invalid, it will not have effective effect. The contract is not legally binding from the date of signing, and it cannot be converted into a valid contract after performance. It is very loss that the property of the parties should be restored to the state before the conclusion of the contract by returning the property.

Second, the renewal premium

Most life insurance activities will provide an installment payment method. Among them, the installment payment after the initial insurance premium is called the flood season insurance premium. If the renewal premium is not paid on time, will the insurance contract be affected? In order to ensure the validity of the policy, we choose to pay the insurance premium by stages, and the insured must pay the renewal insurance premium on time. If the renewal premium is not paid on time, the insured has a grace period of 60 days, during which he can pay the emergency premium. If the insured unfortunately has an accident during the express, the insurance company will bear the insurance responsibility, but the unpaid insurance premium will be deducted when making compensation.

Third, renewal service.

The renewal payment method can be obtained by bank automatic transfer, and the insurance company will send a renewal payment notice before the renewal policy expires to remind you to pay in time. In order to ensure the continued validity of the insurance contract, it is necessary to ensure that the bank account balance is sufficient. After receiving the insurance premium, you will send a text message to remind you.