The effective date of insurance refers to the date when the life insurance applicant fills in the insurance application form to pay the first premium and the insurance company agrees to underwrite it. The insurance company shall issue the insurance policy as the evidence of underwriting. The effective date of the policy is based on the date on the first page of the policy. The policy anniversary date, policy month, premium expiration date and policy expiration date are all calculated on this date.
An insurance contract is a non-contractual contract, that is, as long as the two parties reach an agreement on the main contents of the contract, the contract will be established, and the insurance premium paid by the applicant is not a necessary condition for its entry into force.
Articl《保险法》 stipulates: &”;An insurance contract is formed when the applicant requests insurance, the insurer agrees to underwrite the insurance, and an agreement is reached on the terms of the contract. The insurer shall issue an insurance policy or other insurance certificate to the applicant in time, and the contents of the contract agreed by both parties shall be stated in the insurance policy or other insurance certificate. &”; ;
Articl《保险法》 stipulates: &”;After the insurance contract is established, the insured shall pay the insurance premium according to the agreement; The insurer begins to assume the insurance liability according to the agreed time. &”;