Why does Chinese life insurance lose 70 when surrendered, isn t that an overlord treaty

Dear customers: In your case, it is estimated that other money will not be returned. In fact, this is not an overlord clause, the money you pay to the insurance company, part of it is into the protection account, and part of it is used as operating expenses, if it is surrendered during the hesitation period, it will not charge you any fees and refund in full, but after the cooling-off period to surrender the policy, its operating expenses will be officially generated, this part of the money can not be refunded, even if you sue the insurance company to the court, there is no way.

Chinese Life is a regular company, all his business activities are subject to the supervision and management of the State Insurance Regulatory Commission, if the salesman is not in place, it is possible, but if it is said that Life Insurance has set an overlord clause, it is absolutely impossible. So, there's a good chance you'll never get your money back. But you can negotiate with the company and try to come up with a satisfactory answer.

Because the insurance product is a commodity, you have signed a contract with the insurance company, and you are now violating the provisions of the contract law, resulting in a unilateral breach of contract, and you must bear the risk of losing money!

According to the provisions of China's insurance law, the salesman should explain the surrender and income in detail when the customer handles it at that time, otherwise it is a phenomenon of misleading customers in violation of regulations and will be terminated by the company!

In view of your situation, do not take the initiative to surrender the insurance, you should seize the evidence of the salesman's dishonesty, so that you can surrender the insurance in full!

You call the headquarters in the name of a new customer ** to consult the details of Shoufu Shilu pension insurance (about the refund in the middle), pay attention to the recording! Look at what the situation is, as far as I know, there will be no deduction for surrender, and I understand the specific situation. And then figuring it out.

If there is indeed an illegal situation, it is really not possible to call 12315 or log in to the CBRC ** to complain, especially the CBRC, which is a great deterrent to these state-owned enterprises

Hello! Insurance is a contract, a legally binding contract between you and an insurance company. If you surrender the policy after one year, you are in breach of contract, so the insurance company will refund you the cash value of the policy according to the contract, which is stipulated in the contract and does not belong to the overlord clause.

According to the information you provided, the problem is that the insurer did not explain to you the rights and obligations you have, as well as the explanation that there will be a loss if you surrender the policy, so the problem lies with your insurer. It is recommended that you communicate with your insurance company to resolve the issue. I wish the whole family happiness and peace!

Hello! Due to the unprofessionalism of the ** person, I apologize for the loss caused to you! In fact, every product of the insurance company will be filed with the Insurance Regulatory Commission, so there is no problem with the product, so the key depends on how the first person describes it to you, and whether the product advantages and precautions are clearly explained.

It is true that a certain amount of expenses will be deducted for surrender in the short term, and the proportion is relatively high, so if you want to surrender the policy now, you will definitely not be able to get back the principal. Therefore, it is recommended that you take out the policy, study the insurance liability in detail, and then evaluate and analyze it according to your actual situation, if this insurance can indeed solve certain concerns, then continue to keep, I believe that after the accumulation of time, you will definitely get a good return. If the protection brought by insurance is relatively low, and it has caused a certain amount of pressure on the family economy, then in order to reduce the pressure, the only option is to surrender the policy.

Best wishes!

Hello, the deduction is known to every salesman, generally you are only paid in the first year on the surrender of the policy deducted a lot of money, generally the deduction is 60% - 75% of the premium you paid, compared to the second year will be a little less, but every year will be deducted a little bit of this I believe is every insurance ** people know, the biggest benefit of insurance is the transfer of risk, you want to return in a period of time There is no income, generally the longer the better, it is recommended that you do not surrender the policy, Why do I have to surrender the policy if I have protection? However, there are a lot of universal deductions, and they have been deducted, you can use it as a consumer product I am Huakang Insurance Supermarket, I am happy to serve you, you can refer to this accident, we are not an insurance company, it is a professional ** agency reference: This is a plan that everyone has to buy, no.

Hello, I understand your feelings very well In general, the insurance contract has a "contract delivery receipt" that requires the customer's signature. The company also has to do a return visit, starting from the day you receive the insurance contract, (generally from the date you sign the receipt) there is a 10-day hesitation period, (the hesitation period is mainly left to the customer to review the insurance contract, to see if there is a discrepancy with the salesman, to avoid the salesman to deceive or mislead the customer) during this period to surrender the insurance, generally only give 10 yuan of the cost of work, beyond this time, it can only be refunded according to the provisions of the cash value table. Some ** people are not responsible, so they did not let the customer sign the receipt in person, but signed on behalf of the customer, if so, your insurance contract is invalid hesitation period.

** People also have to bear the corresponding responsibilities. If you signed the receipt by yourself and the cooling-off period has passed, I recommend that you do not surrender the policy, as your loss will be great. This is the case for any insurance company, and the insurance contract is legally effective.

Hello! You won't be able to get the money, because you are in default of surrender, and the loss of surrender after just one year of payment is absolutely huge. According to your description, it is the salesman's problem, which is dishonest and misleading.

However, there is a 10-day hesitation period before the policy officially takes effect, and there is no loss in surrendering the policy during the hesitation period, and the insurance company's customer service will also call you back to make sure that you know what you want to lose when you surrender the policy.

According to the regulations of the Insurance Regulatory Commission, if the insurance is purchased and surrendered within 2 years, then the insurance company can only refund the premium paid minus the remaining money of the initial cost. In fact, this is the same regardless of the insurance company. At that time, you couldn't listen to the salesman, you should read the contract clearly is the most important thing.

Hello: Any insurance more than 10 days after the hesitation period will lose money, insurance is with a protection function, and bank deposits are different, this problem before the purchase of insurance ** people will give you a clear explanation of this problem, if you push the insurance salesman did not tell you, then he is not a qualified ** person, if you do not return it is better not to return it, pay 1 year surrender loss is very large.

Have you read the contract carefully when you received the insurance contract, or when you copied and signed the insurance policy, did you not see the bold prompt, the mouth is unfounded, and the policy will be surrendered in one year, so why did you choose this protection in the first place, I don't know how old you are this year, the dividend insurance will not be able to recover the principal within 10 years, but you don't see one thing, that is, the company gives you protection, which is intangible. As an insured, you must have received a return visit, and the customer service staff must have asked questions one by one, and you made an affirmative, otherwise the contract is invalid.

Hello! Deeply sympathetic to your situation. The above colleagues have explained in detail, and your mistake is that you didn't take a closer look at the contract and were credulous.

A contract is a legal fact that you sign. The only evidence you have now is the contract, and the rest is unfounded. For details, you can also do legal advice!

Hello! We can understand your feelings, this is not a policy of any insurance company, as long as you surrender the policy after the 10-day cooling-off period, any of them will operate like this. And your contract is also written on it one by one, you can see, the contract is legally valid, not the insurance company wants to do what, since you have saved this money, it is recommended that you still do not return, both to leave the money and have a certain amount of protection, why not, you say?

Surrender will lose money is known to every salesman, before the customer buys the business is obliged to inform the customer of this problem, the shorter the time to pay, the more loss, all insurance companies are basically the same. Therefore, it is very important to choose a professional salesman when buying insurance. Thank you!

I've had a similar problem before, where the upfront cash value of insurance will be less than my own investment, because the initial fee and protection cost will be deducted. Look at the guarantee in the early stage, and look at the income in the later stage. There must be a loss after only one year, and it is huge.

In the process of doing business, this should be clearly communicated to customers. If you don't need money urgently, don't refund it, you really can't pay for the time being, and you can also postpone the payment.

This gentleman you misunderstood, in fact, the surrender of the insurance is the cash value, maybe the salesman did not explain to you clearly at that time, I apologize to you on behalf of our colleagues, I am also a salesman of Chinese Life, I suggest you can understand,

Hello! You have been fooled by an unqualified insurance person, such as the policy deduction of expenses we have to tell the customer, such as outwitting 50% in the first year, 25% in the second year, 15% in the third year, 10% in the fourth to fifth years, and 5% in the sixth year and beyond. Have a great day!!

Hello! In a situation like yours, the cost must not be recovered, it can only be said that the ** person who gave you insurance has limited business ability, and has not made it clear to you, and then you have signed on your own policy, indicating that you know the situation and express sympathy!

Hello, at the same time as you buy insurance, the salesman should probably talk to you about the terms, and the insurance company will also ask you some questions, such as if you don't know about the product, and the company will record, you look for the department manager, of course he can't get it, this is the information of the head office.

Hello, there will be a loss in premature surrender, in your case, the principal should not be able to get back, you can only continue to pay if you want to get back the principal, and then surrender the policy in about 10 years, almost there will be the principal... But what is your reason for surrendering?

Hello: The surrender loss in the first year is significant. But the salesman knows it, and he should make it clear to you. You can't get the principal now, unless you keep paying it and get it when it's due.

The insurance company has to deduct a certain fee, including the salesman's signing commission (up to 40%), the company's management fee and the personal insurance protection fee, so you can only get more than 2,000 yuan.

Hello, after paying in the first year, a 10-day hesitation period will be deducted from the 10-day handling fee, and there will be a loss if you return it after 10 days. Be cautious when buying insurance, and even more cautious when surrendering insurance.

Hello! It is not possible to get back the full amount of the premium as surrendering the policy is a breach of contract. You have been misled by a salesman.

Hello! Maybe you can't get the principal back, the only way, you continue to pay, after a few years, you can get it back.

It is true that the full amount of the surrender policy cannot be refunded to you. Find a person in charge to design a product that suits you.

Hello, it is best to choose a responsible insurance salesman to buy insurance, you have been fooled, it is you who chose someone to go wrong!

It is important to have a comprehensive understanding of the customer's situation, and then design the premium, payment period and suitable insurance for him.

No way? More than we have peace

There's nothing you can do about this. I could only knock out my teeth and swallow it in my stomach.

Chinese Life Insurance has a large surrender loss of 70% of the premium

According to the life insurance surrender regulations, the insurance company generally has a grace period for long-term life insurance products, the policyholder can pay the premium on any day during the grace period, if the premium is still not paid within the day, the policyholder can also use the two-year grace period, but within two years the policy is invalid, the policyholder can apply for the resumption of the policy when the ability to pay the premium, it should be noted that when applying for reinstatement, it will also be re-examined by the insurance company, if the policyholder's physical condition changes, the policy will also change. Such as the provisions of the premium and the amount insured.

According to the life insurance surrender regulations, within the cash value of the insurance policy, the policyholder can apply to the insurance company for a policy pledge loan. The insurance company will give the policyholder a short-term fund based on a certain percentage of the cash value of the policy. Normally, participating insurance can be borrowed up to 90% of the cash value, and life insurance policies of more than two years can be borrowed up to about 70% of the cash value.

According to the life insurance surrender regulations, some long-term life insurance products are designed with an automatic premium payment clause, if the cash value of the insurance policy is greater than the current insurance premium and interest payable, and the policyholder has agreed in advance, the insurance company will automatically advance the renewal insurance premium payable.

According to the life insurance surrender policy, the policyholder can submit a written application to the insurance company and hand it over to the insurance company together with the insurance policy. The reduction payment must be completed before the expiration of the renewal grace period, i.e. within two months after the premium payment date, and the reduced sum assured cannot be less than the minimum coverage amount stipulated by the insurance company. In addition, the original contract cannot be restored after the reduction is paid, and the insured amount will be reduced.

The term of the insurance will be shortened, and the benefits stipulated in the original policy will still be enjoyed during the shortened insurance period.

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