With the improvement of people's living standards, the continuous enhancement of risk awareness, the increasing demand for insurance, and the gradual growth of insurance consumer groups.

When people have insurance protection, how to correctly view the validity of insurance contracts and perform the rights and interests of insurance consumers has become a matter of close concern to the general public.

This article interprets and analyzes from the perspectives of national laws and insurance supervision:

Legally established contracts are protected by law

  After insurance consumers have purchased personal insurance, the insurance contract shall be valid in accordance with the law.

According to the "Civil Code", a legally established contract takes effect from the time of its establishment, is protected by law, and is legally binding on the parties.

The "Insurance Law" also clearly stipulates that the insurance contract shall be established after the applicant proposes an insurance request and the insurance contract is established with the insurer's consent.

Fully protect the legitimate rights and interests of insurance consumers in accordance with the law

  The "Insurance Law" clearly stipulates that the insurer shall make a timely verification after receiving a request for compensation or payment of insurance money from the insured or beneficiary.

No unit or individual may illegally interfere with the insurer’s performance of the obligation of compensation or payment of insurance money, nor shall it restrict the right of the insured or beneficiary to obtain insurance money.

Therefore, once an insured consumer has an insured event or meets payment conditions, and meets the insurance liability scope agreed in the insurance contract, the insurance company shall promptly perform the obligation of compensation or payment in accordance with the insurance contract to effectively protect the legitimate rights and interests of the insured consumer Not infringed.

  At the same time, the "Insurance Law" also clearly stipulates that if an insurance company declares bankruptcy, its life insurance contracts and liability reserves must be transferred to other insurance companies; if a transfer agreement cannot be reached, the management agency will designate the insurance company to accept the transfer.

Effectively safeguard the legitimate rights and interests of contract insured and beneficiaries through laws.

Insurance supervision gives insurance consumers "reassurance"

  According to the clear provisions of the "Insurance Law", an insurance company operating life insurance business shall not be dissolved unless it is split, merged or cancelled in accordance with the law.

In addition, in order to protect the interests of insurance consumers and ensure continuous and stable operations, the "Insurance Law" also puts forward very strict requirements on the operation and management of insurance companies, including liability reserves, insurance protection funds, and solvency supervision mechanisms.

  In recent years, insurance regulatory agencies have supervised insurance companies in a very complete and detailed manner, and there is a trend of further tightening. In addition to various regulatory requirements, there are also irregular on-site inspections and penalties and accountability. Strict supervision ensures that insurance companies The company's legal and stable operation.

This is like a "reassurance pill" to make insurance consumers more at ease.

  Insurance contracts established in accordance with the law are protected by law. For customers, the performance of the contract will not be affected by the management issues of the insurance company.

Moreover, the current legal regulations and supervision system are also fully guaranteeing the stable operation of insurance companies.

Even if the insurance company goes bankrupt, the insurance contract still has legal effect, and a series of links such as insurance renewal and claims settlement will not be affected in any way.

  Therefore, it is a very unwise choice for insurance consumers to propose to terminate the insurance contract just because the insurance company has a problem with its management.

In particular, the termination of the contract after the hesitation period may not only cause economic losses, but the most important thing is that it will directly cause a vacancy in insurance protection, and it will be difficult to withstand risks when diseases and accidents come.