Within what period is the claim valid

In July 2008, Mr. Xu died in a traffic accident. In October 2009, when his wife, Ms. Lin, was tidying up her bookcase, she accidentally found two insurance policies. It turned out that Mr. Xu had insured 100000 yuan of life insurance and 300000 yuan of accident insurance in an insurance company many years ago. While shocked, Ms. Lin can't help worrying whether these two insurances can still claim. Later, although Ms. Lin took the insurance policy to the insurance company to claim, she finally got back 400000 yuan of indemnity. But I'm always afraid that if I'm late, I won't get the premium.

In fact, just like other commodities, there are some key time points similar to "claim period" in the process of buying insurance and holding policy. That is to say, the beneficiary's right to apply to the insurance company for compensation or payment is time limited. If the time limit is exceeded, the beneficiary's right will be lost, and the insurance company can refuse to compensate according to law.

For example, the time limit for the insured or beneficiary of other insurances other than life insurance to exercise the right of claim is within two years from the date when they know the occurrence of the insurance accident, while the time limit for the right of claim of life insurance is five years.

This reminds us that when an insurance accident occurs, we must apply for a claim within the time limit of the right to claim. In addition, after the occurrence of an insurance accident, the applicant, the beneficiary or the insured should report to the insurance company at the first time, so that the insurance company can check the claim in time and remind the other party to prepare the materials required for the settlement of the claim. Because whether to report a case in time will directly affect the efficiency of insurance claims, especially for some major claims, insurance companies generally require to check the scene.