Can life insurance be surrendered, and how to surrender life insurance

Only. There are two types of surrender:

First, if there is still a 10-day hesitation period.

If you apply for a surrender of the policy, there is no loss, and the insurance company will refund you the premium you paid in full (deducting a little handling fee and production cost).

Second, if the 10-day cooling-off period has exceeded and the policy is surrendered, it is a breach of the insurance contract and will be deducted.

Generally, the policy is surrendered in the first year.

It is 70% of the premium paid, and the quality inspection of each type of insurance is different from each company, which is subject to the signed insurance contract.

You can surrender the policy, but there will be losses, and the insurance is also a disguised savings, try not to choose to surrender the policy.

You can get a refund, I don't know what kind of insurance you bought, it's been a few years, the surrender depends on the cash value of the policy, the first few years, the surrender, the loss is very large,

You can go back! Surrender loss at your own risk! Be forward-looking! There must be near-excellent! If you don't get back! In the future, I will thank myself for my decision now.

The policy can be surrendered, and early surrender will subject to certain economic losses.

The policy can be surrendered, but it is surrendered according to the cash value, and the cash value of Xinhua Insurance Company is ......

It can be refunded, but the surrender loss is huge.

It can be refunded, but the principal will be lost.

Yes, there is a loss to you if you return, so it is recommended that you do not return.

It can be returned, but there is a certain loss.

Yes, but it is not recommended that you surrender the policy.

It can be returned, but the loss is great.

It can be refunded, but there is a loss.

Hello, the freedom to insure, the freedom to surrender this is your right, but surrender to bear a certain amount of economic losses, so before buying insurance, you must figure out what problems you want to solve through mortuary

You can return it, and the loss will be a lot.

Yes, but there will be losses.

Yes, but I have a loss.

Yes, but there will be losses.

When appropriate, after comprehensive consideration, you can return and chat privately.

There may be a loss when you surrender the policy! It is recommended that since you have bought insurance, you should save money for a long time and do not give up halfway.

The surrender method of life insurance is to apply for it at the counter of the insurance company's business outlets.

The materials to be prepared in advance for the refund of the insurance include the insured's valid identity document and insurance policy.

The original and the insured's bank account, the Application for Cancellation of the Insurance Contract, etc. Once the surrender process is processed, the premium will usually be refunded to the collection account within 3 to 5 working days. If the policy is not in force, the insured can in principle recover the full premium, but the insurer is also entitled to charge a minimum premium or handling fee.

If the insured cancels the insurance policy in the middle of the validity period of the insurance policy, the insurance premium shall be paid at the prescribed rate, and the insurer shall refund the balance of all insurance premiums after deducting the insurance premiums payable to the insured. If the insurer requests cancellation of the insurance policy, the unexpired portion of the premium shall be refunded to the insured on a daily basis. Generally, insurance companies stipulate that the policyholder has a cooling-off period of 10 days after receiving the policy.

Usually, the insurance company will refund the entire premium after deducting the cost of production.

Surrender process.

1. Go to the customer service center to handle it in person.

Application for cancellation of insurance contract.

ID card of the policyholder (when the surrender benefit is 0, a copy of the ID card can be used).

A copy of the passbook of the personal bank settlement account in the name of the policyholder.

Insurance policy (not required for rider refunds or e-policies).

2. Entrust others to go to the customer service center to handle it.

Application for cancellation of insurance contract.

Power of Attorney.

The identity document of the policyholder (when the surrender fee is 0, a copy of the ID card can be used).

Agent's identity document.

A copy of the passbook of the personal bank settlement account in the name of the policyholder.

Insurance policy (not required for rider refunds or e-policies).

3. **Handling.

Consumers can call 95519** to surrender the policy.

2. Application for surrender materials.

1. If the insured requests to surrender the policy, the applicant shall provide the application for surrender with the written consent of the policyholder.

2. A valid insurance contract and proof of the last payment.

3. Proof of identity of the policyholder.

4. If the applicant entrusts another person to handle it, the power of attorney of the policyholder and the ID card of the principal shall be provided.

Chinese Life Insurance.

The original, the original insurance policy, the policyholder's bank account, the "Application for Termination of Insurance Contract", etc. After the surrender procedure is completed, the refund will be credited to the collection account within 3-5 working days, which is subject to the actual arrival time, and the collection account can be paid attention to in real time.

There are five main types of life insurance, namely term life insurance.

Whole life insurance, commercial endowment insurance.

Survival insurance and life and death insurance. However, it should be noted that before choosing to buy insurance, the policyholder needs to pay attention to the corresponding insurance terms of each insurance, and choose the product that suits him according to his actual needs, and only in this way can he achieve the insurance effect expected by the policyholder.

Life insurance is refundable.

The policyholder should bring the policy, ID card, and bank card to the insurance company's customer service center to handle the surrender. Life insurance surrender can be divided into two stages, one is surrender during the cooling-off period and the other is early surrender. If the policy is surrendered within the cooling-off period, the insurance company will refund the entire premium; In the event of an early surrender, the insurance company will deduct a surrender premium and refund the remaining amount to the user.

No matter what stage the policy is surrendered, the policyholder only needs to bring the policy signing contract, valid personal identity documents, bank card or passbook to the counter of the life insurance company for processing.

If the insured intentionally commits a crime or resists the criminal compulsory measures taken in accordance with the law, resulting in his disability or death, the insurer shall not be liable to pay the insurance money. If the policyholder has paid the insurance premium for more than two years, the insurer shall refund the cash value of the insurance policy in accordance with the contract.

You can contact the relevant personnel of the life insurance company to surrender the policy. The payment of life insurance can be stopped at the end of the payment period, which does not mean that the full premium will be refunded when the policy is surrendered. Insurance surrender generally causes a certain amount of economic loss, but the loss caused by different ways of surrender is different.

It is understood that insurance surrender can be divided into hesitation period surrender and normal surrender.

1. Surrender loss during the hesitation period.

The cooling-off period, also known as the "cooling-off period", is a "remorse period" set by the insurance company to prevent the policyholder from buying insurance on the spur of the moment, which is generally 10 days or 15 days. Cooling-off period surrender refers to the surrender of the policy by the policyholder within the cooling-off period agreed in the contract. In general, if the insured person requests to terminate the insurance contract during the cooling-off period, the insurance company will refund the entire insurance premium paid to the insured without interest, and some insurance companies will refund the entire premium after deducting the production cost.

2. Normal surrender loss.

Generally, as long as the surrender exceeds the cooling-off period, it will be regarded as a normal surrender. If the insured has paid the premium for more than 2 years, the insurance company shall refund the cash value of the insurance policy within 30 days from the date of notice of termination. If the insurance premium is not paid in full for 2 years, the insurance company will refund the premium after deducting the handling fee as agreed in the insurance contract.

Cash Value = Liability Reserve - Surrender Fee. Therefore, if the policy is surrendered normally, the policyholder will suffer a large financial loss.

3. How to reduce the loss of surrender.

Since the surrender of insurance will cause certain losses, everyone must fully consider their ability to pay when buying insurance.

Method 1: Use the grace period to postpone the payment period.

This method is more suitable for long-term life insurance products, the so-called grace period refers to the policyholder in the insurance premium on the agreed payment date of the insurance contract to pay the premium, from the agreed payment date of the insurance premium 24 o'clock as the grace period, still have insurance protection, generally 60 days.

Method 2: Take out a loan with an insurance policy.

During the insurance period of the insurance contract, if the insurance contract has accumulated cash value, the policyholder can apply for a loan from the insurance company. Generally, the accumulated principal and interest of the loan shall not exceed 80% of the cash value of the insurance contract at the time of borrowing. The policyholder can use the loan to tide over the current financial difficulties and wait for the financial capacity to recover before paying the premium and repaying the loan.

Method 3: Apply for a reduction in the payment of insurance.

The insured can apply to the insurance company for a reduction in the amount of insurance, so that they no longer need to continue to pay premiums, and can continue to enjoy insurance protection.

1. Introduction to the two types of insurance surrender methods.

1. Surrender during the hesitation period.

The so-called cooling-off period surrender refers to the policyholder's application for surrender within the cooling-off period agreed in the contract. After deducting a certain amount of cost, the insurance company will refund all the insurance premiums paid without interest. According to the regulations of the insurance regulatory authority, the period within 10 days from the receipt and written receipt of the insurance contract by the policyholder.

2. Normal surrender.

After a certain number of years have elapsed in the policy, the policyholder can apply for termination, and the insurance company shall refund the cash value of the policy within 30 days from the date of receipt of the application. The cash value of the policy refers to the amount of money that can be returned in the event of termination or surrender of the policy.

For example, in a long-term life insurance contract, the insurance company is usually required to deposit a certain amount of liability reserve in order to fulfill its contractual obligations. When the insured requests to cancel or surrender the policy for any reason during the validity period of the policy, the insurance company will refund the cash value of the policy according to the regulations. Policy Cash Value = Reserve for Deposit and Withdrawal Liability - Balance of Cancellation Deduction.

2. Insurance surrender process.

1. The applicant is eligible to apply for surrender. If the insured applies for surrender, the written consent of the policyholder must be obtained, and the policyholder must clearly indicate who will receive the surrender money.

2. The surrenderer shall provide the following documents when handling the surrender:

1) Application for surrender (if the insured requests to surrender the insurance, the applicant shall provide a surrender application with the written consent of the policyholder);

2) Original insurance contract and proof of last payment;

3) The original identity certificate of the policyholder;

4) If the application is entrusted to another person, the power of attorney of the policyholder and the original identity certificate of the principal shall be provided.

3. Methods for avoiding losses by surrendering insurance.

It should be noted that long-term life insurance policies should not be surrendered easily, because it will be very cost-effective, but if you cannot afford it due to the actual situation, you can refer to the following methods to surrender the policy to avoid or reduce losses.

1. Use the grace period to postpone payment.

2. Use the clause of automatic advance payment of insurance premiums.

3. Adjust the insurance plan through the "Policy Conversion" function.

4. Shorten the insurance period.

4. Circumstances in which insurance surrender cannot be handled.

In order to protect the interests of the insurer or the insured, the policyholder or the insured cannot go through the surrender procedures under the following conditions:

1) Policies that have incurred disability medical benefits;

2) The policy has been received by the policyholder (the policyholder has completed the payment obligation to avoid the policyholder from harming the interests of the insured for his own interests).

If the insurance product purchased by Chinese Life Insurance Company is not suitable for you, bring the original ID card of the policyholder and the purchased policy contract to the business hall of the life insurance company to find a staff member to go through the surrender procedures. According to some regulations of the insurance company, it is reminded that once the surrender premium is subject to a large loss.

Call ** to you, and the person who insureds you at that time can also consult the customer service of life insurance, or go to the counter of the local life insurance company to ask questions.

Buying Chinese life insurance is naturally refundable, but surrender may cause certain losses. Surrender is generally offline.

You can first directly call Chinese Life's customer service **95519 to inquire about surrender, and you can make an appointment with China Life Insurance ** person to come to the door to handle the surrender; If the individual is not far from the insurance company's outlets, he or she can apply for a surrender directly at the major local outlets or stores of Chinese Life.

In addition, after receiving the insurance contract, the policyholder will generally have an insurance hesitation period of about 15 days, and the insurance company will only charge a certain amount of the cost of surrender during the hesitation period, and then refund the premium paid without interest.

In fact, the reduction payment is also based on the cash value of the policy to deduct the premium, so that the sum insured will also be reduced, but the premium to be paid will be much less, but not all policies can be reduced to pay off, so it is necessary to have a reduction payment clause on the policy.

The policy can be surrendered when the insurance contract is not fully performed. Upon the policyholder's application to the insured, the insurer agrees to terminate the legal relationship determined by the contract between the two parties, and the insurer shall refund the cash value of the insurance policy in accordance with the Insurance Law of the People's Republic of China and the contract.

Cooling-off period surrender refers to the surrender of the policy by the policyholder within the cooling-off period agreed in the contract. Generally, insurance companies stipulate that the policyholder has a cooling-off period of 10 days after receiving the policy. Usually, the insurance company will refund the entire premium after deducting the cost of production.

If the policyholder applies for surrender and the contract has been in force for two years, the insurance company will refund the cash value of the policy after receiving the surrender application; If the premium payment is less than two years, the insurer shall refund the remaining part to the policyholder after collecting the insurance premium for the period from the date of commencement of the insurance liability to the date of discharge.

Surrenderable policy. If the policyholder does not need the protection of an insurance product, then he can apply for surrender at any time, and only need to provide his ID card, insurance policy, premium payment certificate, application for termination of insurance contract and other information to go through the surrender procedures at the insurance company.

Generally speaking, when a one-year insurance is surrendered, the insurance company can refund the remaining premium after deducting the premium and handling fee for the number of days insured;

If the long-term insurance policy is surrendered, the premium paid will be refunded during the cooling-off period, and the cash value of the policy will be refunded after the cooling-off period.

Extended information: Insurance is a Chinese word, pinyin is bǎo xiǎn, English is insurance or insuraunce, the original meaning is safe and reliable protection; It is a tool used to plan life finances, a basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.

Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility for compensating for the property damage caused by the occurrence of the accident that may occur as agreed in the contract, or the insured bears the responsibility of paying the insurance money when the insured dies, is disabled, sick, or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is a part of social production and social life"Delicate stabilizer";From a risk management perspective, insurance is a method of risk management.

The value of the insurance.

The insured value is the actual value of the subject matter of the insurance. According to the provisions of the Insurance Law of the People's Republic of China, if the policyholder and the insurer agree on the insured value of the insured object and specify it in the contract, the agreed insured value shall be used as the compensation calculation standard when the insured object is lost.

If the policyholder and the insurer have not agreed on the insured value of the insured object, the actual value of the insured object at the time of the occurrence of the insured event shall be used as the compensation calculation standard when the insured object is lost.

In simple terms, the value of insurance can be determined in three ways:

1. According to the provisions of the law and the contract law, the law and the contract law are the fundamental basis for determining the value of insurance;

2. According to the insurance contract and the agreement of both parties. The insured value of some insurance subject matter is difficult to measure, such as life insurance, health insurance, and the human body and life span cannot be measured in money, then the insured value is agreed by both parties;

3. Determine the insured value according to the change in market price. The insured value of some insurance objects is not constant all the time. Most of the underlying assets also depreciate over time, and their insured value tends to decline.