"Splendid Life" Life Insurance Plan Basic Terms

First insurance contract

The insurance contract summary, terms, statement, main solution, life insurance policy, application for restoration of insurance contract validity, medical report, additional insurance contract and other letters of agreement contained in this insurance contract are all integral parts of this contract.

Any change, revision or removal of any clauses in this contract shall be signed by the “Company” or the deputy general manager entrusted by the “Company” and signed with the main solution.

Second noun definition

I. Guaranteed cash value: refers to the amount of the same name listed in the “guarantee value table” on the “insurance contract summary”.

2. Anniversary date of the insurance contract: refers to the anniversary date starting from the effective date of the insurance contract as set out in the “Insurance Contract Summary”.

3. Loan interest: refers to the interest on any loan in the insurance contract. This interest will be calculated at the interest rate stipulated by the People's Bank of China. The maximum range cannot exceed 10% of the current working capital loan interest rate.

4. Interest: refers to the interest paid for the premium and the amount of death compensation. The “Company” calculates the interest rate based on the monthly interest rate of the two-year savings deposit determined by the commercial bank in the current year.

V. Present value of unexpired insurance premiums: refers to all unearned premiums and their accrued interest in the one-time prepaid insurance premium. The annual compound interest rate for calculating interest is the same as the interest rate for calculating one-time prepaid insurance premiums as set out in the “Insurance Contract Summary”.

Article 3 The beginning of insurance liability and the payment of each premium

"The Company" shall perform the insurance liability for the insured from the "insurance contract effective date" as stated in the "Insurance Contract Summary".

The premium for each period shall be paid to the "Company" in accordance with the payment method set out in the "Insurance Contract Summary" until the "Payment Expiration Date".

Article 4 Grace Period

In addition to the initial insurance premium, the 60-day period from the expiration date of each premium is a “grace period”. This contract is still valid during the “grace period”.

Except for the provisions of Article 2 of the “Inalienable Rights and Interests” of Article 9 of this Covenant, if the insurance premium is not paid within the “grace period”, the contract will be invalid and the “Company” shall be responsible for this contract. Also terminated.

Article 5 Restoring the validity of the insurance contract

Within two years from the expiration date of this contract, the applicant may submit a written application to the “Company” to resume the validity of this contract. However, the insured must provide the "insurance company" with the health certificate of the insured, and receive the "company" acceptance, and the insurance premiums and their "interests", insurance contract loans and "loan interest" After the payment is made, this contract will resume its effectiveness.

This clause does not apply to insurance contracts that have been surrendered in accordance with the provisions of Article 8 “Withdrawal” of this contract.

Article 6 Calculation of age and handling of errors

The insured's age of insurance will be calculated at the age of full. When applying for insurance for this contract, the insured shall fill in the date of the insured's date of birth, chronological age and gender on the “guarantee to be guaranteed”. If an error occurs, it shall be handled in accordance with the following provisions:

1. If a higher premium is charged according to the true age and sex of the insured, the “Company” will reduce the benefits according to the proportion of the original insurance premium and the premium payable.

If the insured provides the “insurance” with the health certificate of the insured, the “insurance” is approved by the “company” and the part of the insurance premium and its “interest” are paid in one lump sum. After approval by the “Company”, this contract That is to restore all the guarantees of the original insurance contract.

2. If the insured's true age and gender are required and a lower insurance premium is charged, the “Company” will refund the overpaid premium to the policyholder without interest, and the original insurance contract will remain unprotected. change.

3. According to the "company" underwriting rules, according to the true age and gender of the insured, the insured is a non-insurer, and the "company" will refund the paid insurance premium to the insured in full interest. “The Company” does not consider this contract to be effective. However, for more than two years from the date of issuance of this contract, the first or second item of Article 6 of these Terms shall be referred to.

Article 7 Beneficiaries

Except as otherwise stated by the insured and the insured, if there are more than one beneficiary, each beneficiary will share the “death benefit payment” of this contract on average. If the beneficiary dies before the insured, his or her interest is owned by the legal heir of the insured.

Article 8 Dissolution and surrender of insurance contract

Within 14 days after the date of receipt of the insurance contract, the applicant can submit the application for the insurance contract “dismissal” in writing, and “the company” will refund all the insurance premiums received. If the “company” medical examination was once, the medical examination fee will be deducted.

During the term of this contract, the insured may file an application for “surrender” in writing. Before the first "insurance contract anniversary date", "the company" will refund the insurance premiums to the policyholders. After the first "insurance contract anniversary date", "the company" will deduct the balance of the outstanding insurance premiums, insurance contract loans and "loan interest" according to the "guaranteed cash value" at the time of this contract. people.

If the policyholder's payment method is “one-time prepaid insurance premium”, before the first “insurance contract anniversary date”, “the company” will refund 25% of the first year insurance premium and “unexpired insurance”. The present value of the fee" to the policyholder, after the first "insurance contract anniversary date", "the company" will refund the "guaranteed cash value" and the "present value of the unexpired premium" at the time of the contract to the policyholder .

After the “without surrender”, this contract will lapse and the “Company” will terminate all responsibility for this contract.

Article 9: Inalienable Rights and Interests

1. Choice of inalienable rights and interests Within the validity period of this contract, and after the contract has “guaranteeed cash value”, the insured can notify the “company” in writing and make a surrender option. “The company” will be based on this contract. Within the provisions of Article 8 of the “Withdrawal” clause.

2. Automatic and inalienable rights If the insured has not paid the insurance premium within the “grace period” and has not notified the “Company” in writing, the above “inalienable rights and interests” will be made, and “the company” will automatically The following contract is handled by the following "automatic loan advance payment insurance" method:

No matter which way you pay the insurance premium, if the “guaranteed cash value” at the time of the contract is deducted from the outstanding insurance premium, insurance contract loan and “loan interest”, it is still sufficient to pay the insurance premium due at that time. “The Company” will automatically pay the premium to cover the insurance premium, so that this contract will continue to be valid.

If the "guaranteed cash value" remaining at the time of this contract is insufficient to cover the monthly premium paid at that time, this contract will lapse and the "Company" will terminate all responsibility for this contract. However, the clause 5 of the “Restoring the validity of the insurance contract” in this contract still applies.

Article 10 Insurance Contract Loan

If the contract already has a “guaranteed cash value”, the insured can apply for a loan to the “Company” in writing, but the amount of the loan cannot exceed the “guaranteed cash value” at that time, and deduct the unpaid insurance premium and insurance contract. Seventy percent after the balance of the loan and "loan interest". In addition, the amount of each loan must not be less than RMB 100.

During the term of this contract, the “insurance loan” may be repaid in full or in part at any time.

If the accumulated loan amount and the “loan interest” are equal to the “guaranteed cash value” at the time, the contract will lapse and the “Company” will terminate all responsibility for this contract. However, the provisions of Article 5 of this contract, “Restoring the validity of the insurance contract,” still apply.

Article 11 Transfer of Insurance Contract Interests

Before the insured died, everything in this contract was not transferred to the rights of others and was unique to the insured. The transfer of any interest is subject to the written consent of the insured and the “solution” of the “Company”.

Any of the above changes, if there is a legal dispute, "the company" is not responsible for any.

Article 12: Obligation to inform

When the insured or the insured applies for the insurance of this contract, the written inquiry of “the company” shall be truthfully stated. If there is a deliberate concealment, omission or false statement, it may affect the “company” decision whether to agree to the insurance or If the insurance premium rate is raised, the “Company” shall not be liable for any payment.

Article 13 Currency and applicable law

Article 14 Exclusions

Except as otherwise provided in this contract, the insured's death is directly or indirectly caused by any of the following reasons, and is not covered by this contract. The “Company” shall not be liable for any payment.

1. Within two years from the date of issuance of this contract, regardless of any mental condition, the insured commits suicide, and “the company” only pays the “guaranteed cash value” at the time to the beneficiary;

Second, turmoil, civil strife or riots;

3. If the insured violates the criminal law, refuses to arrest or jailbreak, and violates other laws and regulations, the "company" will only pay the "guaranteed cash value" at the time to the beneficiary;

4. The insured or the beneficiary intentionally causes the insured to die. The “Company” only pays the “guaranteed cash value” at the time to its legal heir;

5. The insured shall drive unlicensed or legally prohibited motor vehicles and unlicensed or drunk driving motor vehicles;

6. The insured person is diagnosed with AIDS or a disease infected with HIV within two years from the date of the establishment of the contract or the date of reinstatement;

7. Radiation contamination from atomic, nuclear and chemical weapons or devices, nuclear free radiation, nuclear fuel or waste generated after combustion.

Article 15 Claims

During the validity period of this contract, if the claim is filed, the insured, the beneficiary or its principal shall promptly notify the “Company” in writing. After that, the insured, the beneficiary or its client shall pay the “files” required by the “Company” as soon as possible.

In the event of a death benefit claim, the company will retain the right to conduct an autopsy, except for the relevant laws and regulations, and the expenses will be paid by the “Company”.

"Bright Life" Life Insurance Plan Basic Benefits Guarantee

This contract is a life insurance plan for ten years, fifteen years, twenty years, twenty-five years or thirty years. The benefits provided by this contract are as follows:

The first death benefit payment

During the period of validity of this contract, if the certificate of death of the insured is received, it shall be verified by the “Company” that it is within the scope of the liability of this contract, “the company” will pay the amount of death compensation and its “interest” Beneficiary. If the death occurs within the payment period, the “Company” will refund the insurance premiums that have not expired in the year to the policyholders on a daily basis from the date of their death. All responsibility of the Company for this contract is also terminated. If the payment method is a one-time prepaid insurance premium, the “Company” will also refund the “present value of the unexpired insurance premium” to the policyholder.

The amount of death compensation is the “insurance amount” contained in the “insurance contract summary”, after deducting the outstanding insurance premium, insurance contract loan and “loan interest”. The "interest" for the amount of death compensation will be calculated from the date of the death of the insured, but the maximum is one year.

For the death of the insured during the period from 60 days to four years of age, the death benefit payment will be calculated as follows:

When the insured person dies, the age pays the percentage of the insurance amount for 60 days but less than one full age 20% full age but less than two years old 40% full two years old but less than three years old 60% full three years old but Less than four years old 80% full four years old or more 100% second life expired benefit payment

If the contract is still valid on the anniversary of the insurance contract when the insured survives to a hundred years of age, the “Company” will pay the benefit to the insured, and the amount of interest for this period is set out in the “Insurance Contract Summary”. The “insurance amount” is the balance after deducting the insurance contract loan and “loan interest”.

Additional survival benefit clause

The conclusion and composition of the first additional insurance contract

This additional insurance contract is an integral part of the “Bright Life” life insurance program. The terms of the Master's Contract shall apply to this Attachment, and if the Master's Contract conflicts with the terms of this Attachment, this Agreement shall prevail.

The insurance premiums and insurance benefits of this contract will be incorporated into the premium and cash value tables of the main contract and become an integral part of the master contract.

Second cash benefit payment

If the contract is still valid on the “insurance date of the insurance contract” on the expiration date of the payment period and the insured still survives, the “company” will pay the cash benefit to the insured, and the cash benefit is paid on the “insurance contract summary”. One hundred and ten percent of the "insurance amount".

At that time, the insured must fill out and submit the “Cash Benefits Choice Application Form” of the “Company”. The insured may choose one of the following “cash benefit payment” methods, and the benefit payment is the corresponding amount on page 4-2 of the “insurance contract summary”:

Option 1: One-time cash benefit payment:

The total amount of this one-time cash benefit payment is the cash benefit payment and accrued interest contained in the “insurance contract summary”, which is calculated based on the actual annual interest rate set by the “Company”.

Option 2: Ten- or twenty-year "fixed annuity" benefit payment:

The insured receives a “fixed annuity” every month for ten or twenty years until the expiration of the annuity payment period.

Option 3: "Lifetime Annuity" Benefits:

If the insured is between the ages of 50 and 70, the insured may choose to receive a lifetime annuity benefit. The lifetime annuity benefit guarantee period is ten years. If the insured is still alive after ten years, he can continue to receive an annuity every month until his death.

Article 3 Annuity recipient

The annuity acceptor is the insured person and the company does not accept the designation or change.

If the insured person dies, the pension is still available, and the remaining annuity benefits will be paid on time to the annuity recipient specified in the “Cash Benefits Application Form”.

Source: China Economic Net