In non-life insurance claims, one of the aspects of the insurance liability review by the insurer is whether the loss was caused by the insured risk. The insurer is responsible for paying insurance premiums when an insured accident occurs. At the same time, the insured or beneficiary should also bear the obligation to notify the insured accident. Only timely notification to the insurance company will help the insurance company launch an investigation and accurately calculate the claim. Therefore, my country's "Insurance Law" clearly stipulates in Article 26:

The insured or beneficiary of insurance other than life insurance has the right to request compensation or payment of insurance benefits from the insurer. He knew that the insurance would be extinguished if it was not exercised for two years from the date of the accident. Extended information

(1) The certainty of life insurance premium payments. Life insurance contracts generally provide fixed payments. As long as the agreed insured event occurs, the insurer is not allowed to increase or decrease the insurance amount.

(2) The loss compensation principle does not apply to life insurance claims. Since human life is priceless, there is no problem of measuring and compensating the amount of loss. In natural life insurance claims, the principle of proportional sharing and the principle of subrogation derived from the principle of loss compensation are also not applicable.

(3) There is no issue of compensation for rescue costs in life insurance claims. Although the medical expenses and treatment measures caused by the death of the insured due to illness, accident, etc. are reasonable and necessary expenses, the insurer cannot be required to bear them, and the insurer will only pay the amount of benefits agreed in the contract. without incurring other costs.

Baidu Encyclopedia-Life Insurance Claims