保险保全规则英语

保险是一种为人们提供风险保障和经济支持的金融工具。在购买保险之后，保险合同中会规定一系列的保全规则，以确保保险公司和被保险人的权益。在本文中，我们将介绍一些常见的保险保全规则的英文表达。

1. Grace period:

The grace period refers to the defined period of time after the premium due date during which the policyholder can make overdue premium payments without any penalties or loss of coverage.

2. Lapse of policy:

A policy will lapse when the insured fails to pay the premium within the grace period. Once the policy lapses, the insurance company is no longer obliged to provide coverage and the insured loses all benefits.

3. Policy reinstatement:

If a policy has lapsed, the policyholder may have the option to reinstate it by fulfilling certain requirements, such as paying the outstanding premiums and any applicable fees. This process is known as policy reinstatement.

4. Surrender value:

The surrender value is the cash value that the policyholder is entitled to receive upon surrendering or terminating a policy before its maturity date. It is calculated based on the policy's accumulated cash value and any applicable deductions.

5. Assignment of policy:

Assignment of policy refers to the transfer of ownership rights and benefits of the policy from the existing policyholder to another individual or entity. This can be done through a written assignment agreement between the parties involved.

6. Exclusions:

Exclusions are specific risks or conditions that are not covered under the insurance policy. It is important for policyholders to carefully review the policy documents to understand the exclusions and limitations of coverage.

7. Claim settlement:

Claim settlement is the process in which the insurance company evaluates and processes a claim made by the insured. It involves reviewing the claim, assessing the coverage, and providing the necessary compensation or benefits as per the terms of the policy.

These are just a few examples of common insurance policy terms and their English expressions related to policy maintenance. It is crucial for individuals to familiarize themselves with these terms to ensure effective communication and understanding when dealing with insurance matters.