Important Measures
FSC reminds people to carefully read the insurance policy terms and conditions before purchasing
2019-11-07
Given that many insurance disputes derive from policyholders not reading carefully the insurance policy in advance, the FSC called on the consumers to read the terms and conditions stated in the insurance policy in detail and fully understand whether the insurance products meet their needs before purchasing. The FSC stated that policyholders and insurers shall abide by the rights and obligations set forth in insurance contracts. When an insurance incident occurred, the claims handling shall also follow the contracts. Thus, reading the insurance contracts is the first step for policyholders to protect their own rights and interests. Considering that consumers are generally not familiar with insurance, the FSC reminded consumers to understand the nature of the insurance products, scope of coverage (payment items), exclusions and exception clauses and read the insurance product brochure. In this way, consumers would more easily and effectively grasp the main points of the insurance products.
- Visitor: 864
- Update: 2019-11-07