Cara aktifkan kembali polis asuransi yang Sudah Lapse / How to reactivate an insurance policy that is already Lapse

Tuesday, September 06, 2022 Post a Comment

The insurance policy is the original proof of the cooperation contract agreement between the Insurance Provider (Insurance Insurer) and the Insurance Customer (to be covered). an agreement to the insurance provider willing to be responsible for various risks owned by the customer within a certain period of time.

If you are a customer of life, health, or investment-related insurance (unit link), you must have an insurance policy. there are several insurance policies that can be in the form of a policy book (physical form), and now they are available in soft copy which is often referred to as an e-policy provided on the digital platform of the insurance company concerned.

With the existence of digital, we can more easily access is an evaluation of the insurance policy that we have. and with this convenience, we recommend that you re-check the insurance policy regularly so that the benefits of the insurance are still in accordance with your needs and your financial plan in line with living conditions.

What Are the Consequences If We Neglect to Evaluate Insurance Policies?

And with protection from the Insurance Provider, the Insured must pay a certain amount of premium fees within the agreed payment period (monthly, quarterly, semester, or yearly). This result that must be paid will also vary according to the completeness of the insurance or the wide range of protection for the product.

the payments we pay must be balanced and the benefits we will get. For example, what happens when you pay insurance premiums, if there is a failure or if you pass the maturity limit of the insurance that we have, it can stop in the middle of the road. there is this case with lapse/surrender, where the responsible party loses the benefits of the insurance he has.

You certainly don't want that to happen, do you? as in the form of responsibility, it is better to check the insurance policy regularly, and ensure that no premium payments are missed.

If Lapse occurs, can the Insurance Policy be reactivated?

and generally every insurance policy that has experienced a lapse can be reactivated or reinstated. We can confirm whether this insurance can be reactivated or not by checking the provisions in the insurance policy book. but basically, there are several companies that have different provisions for reactivating insurance policies that have lapsed. There are two things I can do, namely:

1. Contact Your Insurance Agent

Knowing the status of the insurance policy has lapsed, you can contact your official insurance to ask for help, provide comprehensive information about the condition of your policy and provide recommendations for next steps that can be taken. official insurance will notify you of the length of time the official insurance payment has become arrears then he will ask us to pay off a number of arrears in order to facilitate the process of recovering the status of the insurance policy.

2. Follow the Policy of the Insurance Company

official insurance companies of this policy and their respective regulations regarding the recovery of lapsed insurance policies. Even life insurance or health insurance, every insurance company will ask its responsibility to do a medical check-up again to restore its insurance policy. in this case, ask our insurance agent again, what things must be done and make sure that we do everything without being missed, so that the recovery process does not fail.