What does 1 10,000 yuan deductible mean?

The deductible of 1 0,000 yuan means that you can pay less than 1 10,000 yuan, and you can only pay more than 1 10,000 yuan.

1. Actually, after social security (medical insurance, supplementary medical insurance, etc.). ) be reimbursed, you need to bear the cost of 1 ten thousand yuan. After this part, the insurance company will reimburse you

Fortunately, this deductible can be accumulated. And generally speaking, all kinds of insurance premiums are deducted by a model.

Deductible, as the name implies, is deductible. Refers to the amount that the loss agreed by the insurer and the insured in advance is within the specified amount, and the insured shall bear the loss himself, and the insurer is not responsible for compensation.

3. At present, the insurance with deductible 1 10,000 usually refers to one million medical insurance. But it should also be noted that some people use deductibles for several consecutive policy years, while others don't. This needs to be understood clearly.

Relevant details of deductible application

1. Reason:

(1) The insured can afford it economically, and at the same time, it can save a lot of labor invested by the insurer for claims settlement;

② It can urge the insured to strengthen safety management and emphasize the control of small risks;

(3) due to the characteristics of commodity quality, it conforms to the laws of commercial transactions;

④ By determining the deductible, the insured can adjust the expenditure of insurance premium.

2. Purpose:

(1) enables the insured to enhance their sense of responsibility, reduce accidents and enjoy the benefits of paying lower insurance premiums;

(2) Insurers can avoid handling a large number of small claims cases, saving the insurance claims expenses of both parties, which is beneficial to both parties.

3. Deductible, in the insurance contract, the insurance company will agree with the customer that the loss within a certain amount will not be compensated. Why is there a deductible? Deductible will leave a small amount of unnecessary compensation for customers. Insurance company: reduce a large number of trivial small claims, save manpower and service costs, reduce claims costs, and be conducive to overall operation.