The basic insurance amount is the amount clearly marked on the policy, and the insurance amount is the amount of insurance compensation that can be obtained. The basic insurance amount of some insurance clauses is the same as the insurance amount, and the insurance amount of some clauses is calculated based on the basic insurance amount. In fact, the basic insurance amount is a unit of calculation.

The basic insurance amount shall be agreed by the applicant and the insurance company at the time of insurance, but it shall conform to the insurance regulations of the insurance company at that time, and the agreed insurance amount will be specified in the insurance policy.

Extended data:

The difference between the basic insurance amount and the insurance amount;

1, with different concepts:

The basic insurance amount is actually a unit of calculation. The insured amount refers to the maximum amount that the insurance company promises to compensate or pay the insurance money according to the insurance contract, that is, the actual insured amount of the subject matter insured. In other words, the minimum amount that the insured can actually receive in the later period cannot be lower than the basic insurance amount.

2. The claim amount is different:

In some insurance contracts, the difference between the basic insurance amount and the insurance amount is not obvious. For example, in the insurance clauses of personal accident insurance, the basic insurance amount is often the same as the insurance premium, but in some insurance contracts, the insurance amount is often calculated on the basis of the basic insurance amount.

For example, some dividend insurance products often use the basic insurance amount as a parameter to calculate the insurance amount, and the insurance amount obtained by the insured in the later period is often greater than the basic insurance amount.

Baidu Encyclopedia-Basic Insurance Amount