Yes (if not in exclusions such as: deliberate..)

Yes

Yes

The family members are required by law to appear before the local authorities to obtain an extract of the death certificate, and the police will also look into the cause of death if they have reason to suspect criminal activity. Additionally, this step is required to check that the insured event is protected (or excluded or not, e.g. willful fight...).

When you purchase insurance

• All first heirs, including father, mother, spouse, and children, will get insurance benefits if the consumer chooses "Beneficiary" as their "Status." Therefore, each of these First Heirs must sign a form authorizing a specific person to receive the insurance payout before GIC will pay benefits.
• The full amount insured for this person will be paid by GIC if the customer chooses "Beneficiary" as "Assigned" (may include: Father, Mother, Spouse, Child) and gives accurate information about this individual.

Driving while intoxicated is forbidden under the terms of the law on alcohol prevention, which go into effect on January 1, 2020. Drivers of cars with alcohol in them are therefore not covered by insurance.

Only deaths in Vietnam are covered by the PHUC LOC THO program.

Customers will not be provided with insurance coverage if they pass away from a common sickness within 60 days or from a specific or pre-existing condition within 24 months of the date of enrolment.

Covering unforeseen hazards is the core purpose of insurance. Since the customer does not need to undergo a medical checkup in order to enroll in the insurance, the firm applies a waiting period for PHUC LOC THO products to make sure the customer does not already have a disease or is receiving treatment for one before enrolling in the insurance.

• Diseases, particularly all diseases, tumors, high/low blood pressure, cardiovascular diseases, stomach ulcers, chronic osteoarthritis, intestinal ulcers, hepatitis, cirrhosis, liver failure, tuberculosis, urinary and biliary tract stones, degenerative and hernia diseases, nephritis, chronic renal/pancreatic failure, Parkinson's, and lupus erythematosus.
• Pre-existing conditions are those that existed before the insured person received coverage and include:
o Had therapy during the three years preceding the effective date.
o Recognizing illness signs or understanding that the disease occurred/has medical evidence, medical symptoms showing that the condition existed and started prior to enrolment.

Customers must participate continuously and without interruption in order to be excluded from recalculating the waiting time, under the existing rules for PHUC LOC THO goods. This instance will therefore need to restart the timeout.

• GIC will reimburse the full premium amount if the buyer cancels within two days of the effective date.
GIC will refund 80% of the insurance premium for the remaining validity term if the customer cancels after 2 days have passed since the effective date. For instan:Customers can purchase the "Loc" package starting on May 1, 2020, for a cost of 299,000 VND per year.
o On August 10, 2020 (101 days later), the consumer asked to have the insurance cancelled.
o Customers received a return from GIC for their insurance premiums in the amount of 80% x (299,000/365) x (365-101) = VND 173,010.
• Requirements: The insured has not yet received payment from the insurance provider or incurred damages.

This is a non-life insurance plan that only provides compensation when a risk is encountered during the policy's duration. You won't get your money back if the insurance policy expires without the protected event happening.