How long does it take for the insurance contract signed when traveling to take effect?

The underwriting date refers to the date when the insurance is purchased, and the effective date is effective from 0:00 on the next day after the underwriting date.

The effective time of an insurance contract has a direct impact on claims settlement. Therefore, it is necessary to have a clear understanding of this issue. In fact, as many policyholders think, the insurance contract does not take effect immediately after signing. Different types of insurance products have different provisions on the time when the contract takes effect.

As far as life insurance is concerned, according to the requirements of the new regulations, the effective time of the insurance contract shall be from 0:00 after the insurance company has reviewed and approved the insurance and agreed to underwrite it. For example, for medical insurance and critical illness insurance, after the policy holder signs the insurance agreement, the policy holder may need to undergo a physical examination, and the insurance company will also conduct underwriting. After the underwriting is passed, the insurance company will send a message to notify the policy holder. Generally, Said that the insurance contract will officially come into effect at zero o'clock thereafter. In addition, the policy holder also needs to pay attention to the issue of the waiting period. During the waiting period, the insurance contract has come into effect, but if an accident occurs during this period, there are special regulations on the compensation method, and the policy holder should understand this.

There are many types of accident insurance. The effective time of ordinary accident insurance products is also from 0:00 after the insurance company agrees to underwrite the insurance. However, the effective time of travel insurance is more special, and the policy holder can freely choose according to needs. Effective time, for example, the insurance period is from 08:00 on April 15, 2014 to 20:00 on April 20, 2014. After the underwriting is approved, the insurance contract will officially take effect at the corresponding time. Therefore, in order to avoid disputes over the effective time when settling a claim, the policyholder should clearly understand the effective time of the insurance contract when purchasing the product.

Extended reading: How to buy insurance, which one is better, and step-by-step instructions to avoid these "pitfalls" of insurance