Wednesday, February 15, 2012

Policy Contract & Endorsement Page

It is important for you to know that once you buy an insurance policy, you will receive your Policy Contract.

The details of the insurance policy are included in the Policy Contract such as Insurance Plan and the premium amount, personal details, payment details, provisions and so on.

It is your obligation to ensure that the Policy Contract is being kept in a safe place because it is the key to the future financial protection of yourself and your family.

If you lost the Policy Contract or it is damaged due to flood, fire and etc, you can request for a duplicate copy of the Policy Contract from the insurance company. You have to complete a Duplicate Policy Contract Form and the insurance company will charge you a minimum amount for the cost of issuing a new duplicate policy contract.

In the event that you have request changes to your policy such as change mode of payment from Monthly to Annual where there is a change of premium amount and frequency of payment, the insurance company will send you a copy of Endorsement Page where you should compile together with the Policy Contract.

If you do not receive your Policy Contract or the Endorsement Page for any changes done to your Insurance policy, you can refer to your servicing agent or directly contact the Customer Service Center of the Insurance Company.

No comments:

Post a Comment