1. Application form

1. The application form is also called "insurance application form" or "insurance request form". It is a written offer by the policy holder to apply to the insurer for entering into an insurance contract. The insurance application form is a document in a uniform format prepared in advance by the insurer. The policy holder must truthfully fill in the listed items one by one so that the insurance company can decide whether to insure or under what conditions and rates.

The insurance policy itself is not the text of the formal contract, but once accepted by the insurer, it becomes part of the insurance contract. In physical insurance, the policy holder is required to fill out an application form when making an insurance offer. If the contents filled in the insurance policy are untrue or intentionally concealed or deceived, the validity of the insurance contract will be affected.

2. Things to note when filling out the application form

Many customers give me the impression that when filling out the application form, they pay too much attention to privacy and are incomplete or inaccurate when filling in the information. In fact, a complete, accurate, and true insurance policy can truly protect your interests. So, what should you pay attention to when filling out the insurance application form?

First, all information must be filled in completely. Such as name, date of birth, occupation, etc. The ID number must be consistent with the valid identity document; the correspondence address must be a mailable address. It is particularly important that the policy holder and the insured answer the questions asked in the application form truthfully, and if necessary, explain the details in the remarks column of the application form or provide relevant written materials. If you fail to tell the truth, you may not be compensated by the insurance company when an insured accident occurs, and the insurance company also has the right to terminate the insurance contract.

Determine the beneficiary. If the beneficiary is clear, the insurance money will be paid directly to the beneficiary after an insurance accident occurs. Otherwise, the insurance money will be distributed by the insurance company according to the legal inheritance order and enter the scope of the inheritance, which may cause disputes. Determining the beneficiary requires the signature of the insured (if a minor, the signature of the legal guardian).

At the end, a signature is required. After completing the filling, the contents of the insurance policy should be reviewed to ensure that it is true and complete, and should be signed and confirmed. Policyholders and insureds should never sign a blank or incomplete application form.

2. Insurance policy

Referred to as policy, it is the formal written proof that the insurer and the insured have entered into an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The content recorded in the insurance policy is the basis for the performance of both parties to the contract, and the insurance policy is proof of the establishment of the insurance contract.

The insurance policy must clearly and completely record the rights and obligations of both parties to the insurance. The policy mainly contains the names of the insurer and the insured, the subject matter of the insurance, the amount of insurance, insurance premiums, insurance period, compensation or The scope of liability for payment and other stipulated matters. The insurance policy is signed by the insurer based on the application of the policy holder and handed over to the insured for collection. The insurance policy is the main document used by the insured to claim compensation from the insurer when the subject matter insured suffers losses due to an accident. It is also the policy that the insurer collects. Basis for insurance premiums.

3. Differences

To sum up, the insurance policy is the written offer of the policyholder, and the insurance policy is proof of the establishment of the insurance contract.