Reimburseable
It can be used at the same time, but at present, all insurance companies clearly stipulate in the insurance contract that if your medical expenses have been compensated or partially compensated by other means, the insurance company will only pay the medical insurance premium for the remaining medical expenses as agreed in the contract, that is, at most, only the remaining medical expenses can be reimbursed. It is suggested to prepare claim application materials according to the insurance contract after medical insurance reimbursement. In long-term life insurance, after the contract comes into effect for a certain period of time, the insured will apply for a loan from the insurance company with the cash value of his policy as pledge according to the contract. After applying for a policy loan, the insured can still apply for claims in case of an insurance accident, and the insurance company will pay the corresponding insurance money after deducting the principal and interest of the loan, which will not affect the limitation of insurance claims. Please consult the insurance company for details.
Insurance policy loan
It refers to a loan method in which the insured mortgages his policy to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. After the loan, although there is a policy as a guarantee, the insurance protection is not affected. If you get out of danger before the loan is paid off, the insurance company will still make compensation according to the contract. The principal and interest of the loan will be deducted when repayment is made. For example, Xiao Ming bought a term life insurance policy with a coverage of 500,000 yuan, and borrowed 20,000 yuan with the cash value of the policy, with an interest rate of 5%. Six months later, he had a car accident and died unexpectedly. The insurance company paid the Xiaoming family 50-2-6 * 2 * 0.05/12 = 479,500 yuan. 2. Can all insurance policies be loaned? In fact, not all insurance policies can be loaned. Policy loans are based on the cash value of the policy. If the insurance you buy has no cash value, you can't make a policy loan. Generally speaking, short-term insurance, such as one-year accident insurance, medical insurance, critical illness insurance and so on. There is no cash value or little cash value, so it is impossible to make policy loans. Those who can make policy loans are all long-term life insurance with cash value of the policy, such as life insurance, dividend insurance, annuity insurance, long-term critical illness insurance and so on. Because the value of investment-linked insurance is always changing, it is generally impossible to make policy loans. In addition, if your policy has been deductible, paid automatically or is applying for a claim, you can't make a policy loan.
Policy amount
1. The loan amount is 20 16. Order No.76 issued by the CIRC clearly stipulates that the loan ratio of a policy shall not be higher than 80% of the cash value or account value of the policy. In other words, if the cash value of the policy is 6.5438+10,000 yuan, you can only borrow 80,000 yuan from the insurance company at most. Different companies have different loan restrictions, such as China Life Insurance 80%, AIA and Allianz 70%. Friends can call customer service for consultation. 2. loan interest rate loans will definitely involve interest rates. Compared with bank loans, the interest rate of policy loans is still relatively low. The loan interest rate of each company is different, but it is probably higher than the benchmark loan interest rate of the central bank in the same period 1% ~ 2%. Some policies will specify the floating amount in the terms, while others don't. You need to call customer service for consultation. 3. Loan time The loan time is generally 6 months, and the loan can be renewed at maturity. Different insurance companies have different requirements for renewal. Generally, if it is necessary to renew the loan, the principal and interest of the previous loan will be recorded as a new loan and the interest will be recalculated.
Does my loan shadow on the Pacific Insurance app have an impact on the policy situation?
Yes, that's true. Policy loans have a certain impact on policies. If the lender fails to repay the loan in time, which leads to overdue, then the lending institution can deduct the cash value of the policy or directly lead to the invalidation of the policy. Therefore, when applying for a policy loan, the insured must apply and provide the signature certificate of the insured before making a loan, thus protecting the relevant rights and interests of the insured and the insured to a certain extent.
First, the process of policy loans:
1. Prepare all the materials required for the loan, including the original personal ID card (if the applicant and the insured are not the same person, the original ID card of the insured should also be prepared), the original insurance policy, the bank card number and the information specified by the insurance company, and submit it to the lending institution. ...
2. The staff of the lending institution accepts the application and reviews the materials;
3. After approval, the banking institution determines the loan amount and signs a loan contract with the borrower. After the contract is signed, the policy is reserved for lending.
4. The borrower shall repay the loan principal and interest as stipulated in the contract.
Second, the consequences of overdue are:
1, collection: Pacific collection refers to the data indicators of M 1 and M2, which means that the customer service of the organization will always follow up the electric reminder whether it is 30 days or 60 days overdue, and staff will be arranged to come to the door during the electric reminder. This kind of collection is still worse than other peer small loan companies, and the general institutions only urge M 1.
2. Compensation and prosecution: If it is not returned within the time limit, China Pacific Insurance will pay the arrears to China Everbright Bank in advance for the users, and then it may be collected by a third party. If it has not been returned, this compensation record will show in the credit report that Pacific has the right to sue users, so it is likely to bear legal responsibility if it fails to do so.
Three, the so-called policy loan, refers to the policy holder to mortgage the insurance company, according to a certain proportion of the cash value of the policy to obtain funds. Since the customer's insurance protection is not affected in the process of pledge loan, the policy is still valid.
The one-time loanable amount of a policy loan depends on the effective year of the policy, the age of the insured and the amount of compensation for death when the policy is issued, which can generally reach 50% to 80% of the cash value of the policy. In terms of interest rate, the interest rate of such loans to policyholders is usually lower than the market interest rate. If the insured fails to repay the loan, the principal and interest of the loan will be deducted from the death compensation in the life insurance policy.
Under normal circumstances, policy loans can only be targeted at policies with' cash value'. Long-term life insurance with saving nature, such as endowment insurance, whole life insurance, endowment insurance, universal insurance and dividend insurance, will have cash value after one year of insurance, and the longer the payment time, the higher the accumulated cash value. These policies can usually be used for policy loans, but the specific situation depends on the specific terms in the insurance contract.
The brand awareness of Pacific Insurance in the domestic insurance market is very high, and its comprehensive ranking is at least the top six in China. Of course, its products have a wide audience. With the integration of Internet products into the insurance market, online exclusive products, insurance company app and other insurance financial tools have been launched one after another, which has brought a series of benefits and advantages for consumers to insure, consult and settle claims. The Pacific Insurance Loan app is also a product of this era. Pacific Insurance Loan app-called Taixiang Loan, which is an exclusive app to help high-quality employees and SME owners provide loan products to meet the financing needs of all kinds of people.
Does the policy loan affect the insurance account? I want a detailed answer. thank you
After the policy loan, it has no effect on the effectiveness and income of the policy contract, but some situations need to be noted:
1. After the policy loan, it takes 6 months to pay off. Or the interest is calculated in the sixth month, which is regarded as a second loan;
2. Pay attention to timely repayment and premium renewal to avoid terminating the contract beyond the stipulated renewal period;
3. If an insurance accident occurs during the policy loan period, the policy still needs to bear the insurance liability. Such as medical expenses reimbursement, death compensation, major illness compensation, pension compensation, dividend compensation, etc.
4. Repayment of interest for the second time. If the loan cannot be repaid, it can be regarded as the second loan renewal, and the first unpaid amount+period interest = is regarded as the second loan;
5. If you can't repay the interest for the second and third time, you can continue to repay the interest, provided that the policy has cash value.
Extended data:
Policy loan is a loan obtained from an insurance company with the cash value of life insurance policy as the guarantee. The one-time loanable amount of such loans depends on the effective year of the policy; The age of the insured and the amount of compensation for death when the policy is issued.
The so-called policy loan refers to a loan method in which the insured mortgages the policy he holds to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Since the customer's insurance protection is not affected in the process of pledge loan, the policy is still valid.