Determine the order or Vietnam rate of benefits in case there are many beneficiaries of life insurance, health insurance?
- What is an insurance Vietnam rate of benefits?
- In case there are many Vietnam rate of benefits of life insurance, health insurance, how to handle?
- Cases of not having to indemnify, pay for life insurance, health insurance?
- When entering into a life insurance contract, a health insurance contract must specify the Vietnam rate of benefits?
What is an insurance Vietnam rate of benefits?
Pursuant to Clause 26, Article 4 of the Law on Insurance Business in 2022, the concept of Vietnam rate of benefits is as follows:
Beneficiary means an organization or individual appointed by the policyholder or the insured to receive the insurance money as agreed in the insurance contract.
In case there are many Vietnam rate of benefits of life insurance, health insurance, how to handle?
Pursuant to Article 41 of the Law on Insurance Business 2022 stipulates on appointment and change of Vietnam rate of benefits as follows:
"Article 41. Designation and change of beneficiaries
1. The insurance buyer has the right to designate a beneficiary, except for group insurance contracts. Where the insurance buyer is not concurrently the insured, the insurance buyer must obtain the written consent of the insured when appointing a beneficiary; In case the insured is underage or has lost his/her civil act capacity or has difficulties in cognition and behavior control or has limited civil act capacity, the appointment of the beneficiary must be approved by the representative. legally agreed.
2. Where there are multiple beneficiaries, the persons entitled to designate beneficiaries under this Law may determine the order or proportion of beneficiaries. Where the order or percentage of benefits is not determined, all the beneficiaries are entitled to benefit in the same proportion.
3. The insurance buyer may change the beneficiary but must obtain the written consent of the insured and must notify in writing the insurance enterprise or branch of the foreign non-life insurance enterprise. outside. In case the insured is underage or has lost his/her civil act capacity or has difficulties in awareness, behavior control or limited civil act capacity, the change of beneficiary must be approved by the representative. legally agreed. Insurance enterprises, branches of foreign non-life insurance enterprises must certify in the insurance contract or other documents attached to the insurance contract after receiving the notice of the insurance buyer."
Thus, based on Clause 2, Article 41 of the Law on Insurance Business 2022, in the event that there are many Vietnam rate of benefits but the beneficiary ratio is not determined, all the Vietnam rate of benefits will enjoy the Vietnam rate of benefits according to the percentage of each beneficiary. same rate.
Cases of not having to indemnify, pay for life insurance, health insurance?
Pursuant to Article 40 of the Law on Insurance Business 2022 stipulates as follows:
"Article 40. Cases where compensation and insurance payments are not required
1. Insurance enterprises and branches of foreign non-life insurance enterprises are not required to compensate or pay insurance premiums in the following cases:
a) The insured dies by suicide within 2 years from the date of payment of the first premium or from the date the insurance contract is reinstated;
b) The insured dies due to the intentional fault of the insurance buyer or the intentional fault of the beneficiary, except for the case specified in Clause 2 of this Article;
c) The insured suffers permanent disability due to the intentional fault of the insured himself or the policyholder or the beneficiary, except for the case specified in Clause 2 of this Article;
d) The insured dies as a result of execution of the death sentence;
dd) Other cases as agreed in the insurance contract.
2. In the case of multiple beneficiaries, if one or several beneficiaries intentionally causes death or permanent disability to the insured, the insurer or branch of the foreign non-life insurance enterprise In addition, they still have to indemnify and pay insurance premiums to other beneficiaries as agreed in the insurance contract.
3. In the case specified in Clause 1 of this Article, the insurance enterprise or branch of foreign non-life insurance enterprise must pay the insurance buyer the refund value of the insurance contract or the entire premium amount. Insurance has been paid after deducting reasonable expenses (if any) as agreed in the insurance contract, except for the case specified in Clause 2 of this Article. If the insurance buyer dies, the refund will be settled in accordance with the law on inheritance.
Thus, according to Clause 2, Article 40 of the Law on Insurance Business 2022, if one or several beneficiaries intentionally cause death or permanent disability to the insured, the insurance enterprise shall pay insurance premiums. to other Vietnam rate of benefits.
Determine the order or Vietnam rate of benefits in case there are many beneficiaries of life insurance, ealth insurance? (Image from the internet)
When entering into a life insurance contract, a health insurance contract must specify the Vietnam rate of benefits?
Pursuant to Article 39 of the Law on Insurance Business 2022 stipulates as follows:
"Article 39. Entering into life insurance contracts, health insurance contracts for the death of another person
1. When the insurance buyer enters into a life insurance contract or a health insurance contract for the death of another person, that person must agree in writing, clearly stating the insurance amount and the person who dies. Beneficiaries.
2. Not to enter into life insurance contracts or health insurance contracts for the death of the following people:
a) A minor, unless his/her father, mother or guardian agrees in writing;
b) Persons who have lost their civil act capacity;
c) People with difficulties in perception and behavior control;
d) Persons with restricted civil act capacity."
Pursuant to Clause 1, Article 39 of the Law on Insurance Business 2022, when the insurance buyer enters into a life insurance contract, a health insurance contract for the death of another person, clearly stating the insurance amount and the person who dies. Vietnam rate of benefits.
The Law on Insurance Business 2022 takes effect from January 1, 2023.
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