A reader with email haivanx @ xx ask: I plan to buy insurance package from a private insurance company introduced by an acquaintance. Is it true that when taking part in insurance, does all losses covered by insurance?

Lawyer Nguyen Thi Trang, YouMe Law Firm answers:

Article 16 of the 2000 Law on Insurance Business stipulates the terms to exclude insurance liability as follows:

1. The insurance liability exclusion clause stipulates the case where an insurance enterprise is not required to indemnify or pay the insurance premium when an insured event occurs.

2. The term of exclusion of insurance liability must be clearly specified in the insurance contract. An insurance enterprise must clearly explain to the purchaser of insurance when entering into a contract.

3. The exclusion of insurance liability does not apply in the following cases:

a) The insurance buyer unintentionally violates the law;

b) The purchaser of insurance has a good reason for delaying notification to the insurance enterprise of the occurrence of an insured event.

Article 39 of the 2000 Law on Insurance Business specifies the following cases of failure to pay insurance premiums:

1. An insurance enterprise is not required to pay the insurance premium in the following cases:

a) The insured person dies of suicide within two years from the date that the first premium is paid or the date the insurance contract continues to take effect;

b) The assured dies or is permanently disabled due to the intentional fault of the purchaser of insurance or the intentional fault of the beneficiary;

Article 16 of the 2000 Law on Insurance Business stipulates the terms to exclude insurance liability as follows:

1. The insurance liability exclusion clause stipulates the case where an insurance enterprise is not required to indemnify or pay the insurance premium when an insured event occurs.

2. The term of exclusion of insurance liability must be clearly specified in the insurance contract. An insurance enterprise must clearly explain to the purchaser of insurance when entering into a contract.

3. The exclusion of insurance liability does not apply in the following cases:

a) The insurance buyer unintentionally violates the law;

b) The purchaser of insurance has a good reason for delaying notification to the insurance enterprise of the occurrence of an insured event.

Article 39 of the 2000 Law on Insurance Business specifies the following cases of failure to pay insurance premiums:

1. An insurance enterprise is not required to pay the insurance premium in the following cases:

a) The insured person dies of suicide within two years from the date the first premium is paid or the date the insurance contract continues to take effect;

b) The assured dies or is permanently disabled due to the intentional fault of the purchaser of insurance or the intentional fault of the beneficiary;

c) The insured person dies due to the execution of the death penalty.

2. In the event that one or several beneficiaries intentionally causes death or permanent disability to the insured person, the insurance enterprise shall still have to pay the premium to other beneficiaries as agreed upon in the case. co-insurance.

3. In the cases specified in Clause 1 of this Article, an insurance enterprise must pay the purchaser of insurance the refundable value of the insurance contract or the full premium paid after deducting all relevant reasonable expenses. If the insurance buyer dies, the returned amount shall be settled in accordance with the law on inheritance.

Thus, not every insured is that all losses are covered by insurance. Exclusion of liability is carried out in accordance with the rules cited above.