Surrender the policy, I paid for three years, how much can I return

People who decide to surrender the insurance must think about how much money can be refunded, and can they refund a little more? Let's put a guide first:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

If you are not in a hurry to use the money, it is recommended that you do not surrender the policy, the loss is very large, and if you need it urgently, you can borrow from the policy.

Surrender: The policyholder can bring his ID card, insurance policy, and savings card to the business department of the insurance company to fill in the surrender application!

How much can be refunded depends on what kind of situation it is

(1) Full surrender

Generally, these conditions can be surrendered in full:

1.Surrender during the cooling-off period

There will be a hesitation period after the policy takes effect, and the surrender of the policy within the hesitation period can be refunded in full, only deducting about 10 yuan of the production cost, usually the beginning of the hesitation period is after the contract receipt is signed, generally 10-15 days, and there will be provisions in the contract.

2.It is signed

Due to the non-standard operation of some salesmen, the insurance contract is not signed by the person, in this case, you can apply for a full refund.

3.There is evidence

If it can be proved that the person violated the operation or deceived the consumer, in this case, the application for surrender can also be refunded in full.

(2) Refund of cash value

If the policy is surrendered outside the hesitation period, only the cash value can be refunded, and the cash value must be savings life insurance, such as endowment insurance, endowment insurance, whole life insurance, term life insurance with a term of more than one year, long-term consumption critical illness insurance, savings critical illness insurance, universal insurance and participating insurance; One-year medical insurance, accident insurance, etc., generally have no cash value.

If you want to know the cash value of the policy, you can call ** to the insurance company's customer service or read the contract, which can generally be calculated like this:

(3) Return of cash value + dividends

The cash value has been mentioned above, and here we will talk about dividends. Dividends are generally divided into two parts, one part is agreed to give the customer a fixed insurance premium, and the other part of the insurance money to the customer is to be paid according to the operation of the insurance company, this part is called a dividend, which is uncertain. The detailed explanation is here:

"Demystifying the Mystery of Dividend Insurance".

It can be found that if you surrender the policy beyond the hesitation period, the money that can be returned is basically less than the premium paid, which means that there will be a lossWhat are the details to pay attention to when surrendering an insurance policy? 》Hope!

You can't return it no matter what, you buy it is bought, social security is neither a bank nor a commodity, there is no such thing as taking it back or returning it. To return only to your statutory retirement age, the refund can only be refunded to your personal account part, this part only accounts for about 1 3 of your total insurance, the other 2 3 has entered the labor insurance ** co-ordination, non-refundable.

If the insurance has been paid for three years, it is generally a hesitation period and the policy is surrendered. If the policy is surrendered after the cooling-off period, the insurance company will generally determine the amount of the policy that can be surrendered according to the cash value of the policy. Correspondingly, the loss incurred will be greater than the surrender during the hesitation period, so the surrender during this period is actually quite a loss.

Of course, there are also a few insurance policies that belong to the mid-return type, so the cash value will gradually decrease from the beginning of the return, and the cash value of all funds will be 0. It is very likely that you will only be able to refund about 10% of the original sum insured, and if you want to surrender the policy, you can only refund the cash value of your premium plus dividends.

Can I surrender the insurance in full after three years?

In fact, it is possible to achieve full surrender after three years of insurance payment, but generally the following conditions must be met:

1. If the policy is signed by the salesman, it can be surrendered in full;

2. The insurer can also achieve full surrender by using commissions, advance premiums, exaggerated returns, etc., to induce or mislead us to apply for insurance;

3. After purchasing the insurance product, the insurance company can directly submit an application for surrender without a return visit.

It should be noted that if you are applying for a full surrender with a signature, we can provide handwriting for comparison. If the insurance company does not conduct a return visit, because the insurance company has realized the ** recording, it can also directly apply for surrender.

However, if the insurer misleads us to apply for insurance, we need to provide evidence such as audio and video recordings, chat records, etc., to achieve full surrender.

How to check whether the surrender is successful?

In fact, we generally only need to observe the changes in the bank account balance provided at the time of surrender, and we can clearly know whether the product has been successfully surrendered. Because once the surrender is successful, the amount that can be refunded will be refunded to the bank card. Of course, we can also inquire directly through the customer service of the insurance company**.

Not all insurance products are surrenderable, and you need to determine the type of insurance product you have.

If the insurance product you purchased is a wealth management insurance product, you can generally get a certain percentage of the cash value back. At the same time, some insurance products will require users to pay a certain percentage of liquidated damages, ranging from 15% to 50%, depending on how your insurance contract stipulates. Regarding the question you asked you, I will answer it from the following aspects.

1. You need to determine the type of insurance product. 2. Wealth management insurance products can be surrendered, and the surrender amount is the cash value.

Third, you also need to consider the cooling-off period to surrender the policy.

First of all, you must know what kind of insurance you are paying and whether this insurance can be refunded, because some insurance is refundable and some insurance is not, you should take your insurance contract to the insurance company to ask. If you surrender the policy, you will definitely have to deduct some handling fees, and general insurance cannot be surrendered.

If you surrender the policy at this time, then you can only refund about 80% of the insurance, because the insurance company will deduct part of the handling fee and the cost of default.

After paying the insurance for three years, you should be able to return 10% of the insurance fee you paid if you surrender the policy, depending on the insurance contract specifications.

Generally speaking, it is about 20%, I have surrendered life insurance before, and they surrendered so many premiums.

At this time, it is related to the relevant regulations of the insurance company, and the corresponding handling fee will be deducted when the policy is surrendered, and it will also be related to the funds you invested in the previous purchase.

After paying for three years of insurance, how much can I get back if I surrender the policy?

After three years of insurance, how much you can get back depends on the cash value of the policy. You can get a refund as much as you want in cash. However, the amount that can be refunded in three years of insurance is generally not too much, and the surrender loss will be more at this time.

If the insurance has no cash value, it can only be surrendered for the remainder of the policy. The user can consult the insurance company to surrender the policy before surrendering the policy.

Should I surrender the policy?

It is not recommended to surrender the policy, as as the risk increases with age, it is necessary to purchase an insurance policy. For the situation of not truthfully informed, you can first inform the insurance company. Negotiate with the insurance company that if there is no need to surrender the policy, you can pay part of the premium and continue the policy.

If the insurance company refuses the policy, you can choose to surrender the policy. At this time, you can contact the insurance company directly to surrender the policy, and the cash value of the policy will be returned.

What is Participating Insurance?

Participating insurance refers to the life insurance that the insurance company distributes to the policyholders according to a certain proportion of the surplus of its actual operating results compared to the pricing assumption, which has the following characteristics:

First, policyholders can receive dividend distributions. In addition to the basic protection function, customers can share the company's operating results with the company.

Second, the dividend distribution methods include cash dividends and incremental dividends. Cash dividend distribution refers to the direct distribution of surplus to policyholders in the form of cash, and insurance companies can provide a variety of dividend payment methods, such as cash, premium payment, interest accumulation, and purchase of sum insured. Incremental dividend distribution refers to the distribution of dividends in the form of increasing the sum insured each year throughout the term of insurance.

Thirdly, the distribution of dividends is uncertain. The level of dividends mainly depends on the actual operating results of the insurance company.

What is Dual Insurance?

Comprehensive insurance refers to life insurance that is conditional on death or survival during the insurance period in accordance with the insurance contract. At the same time, it has the function of protection and savings. All other things being equal, the savings function of both insurance is more prominent than that of whole life insurance.

Since both the endowment insurance policy includes both the death benefit and the survival benefit, all other things being equal, the premium rate of the endowment insurance is higher than that of both term life insurance and whole life insurance. The death protection function of both insurance is similar to that of term life insurance and whole life insurance, and the survival insurance money can be used for education, pension and other expenses.

Therefore, you have paid the premiums for three years, and if you want to surrender the policy now, you can probably refund about 10% of the premiums you paid in the original three years, which is not much. Only if you are sure that you want to surrender the insurance before you go back, otherwise it will be too late to regret it after you have withdrawn. Therefore, we must choose carefully when buying insurance, if we surrender the insurance halfway, the loss for us is very large.

If the surrender period exceeds the cooling-off period, the money that can be refunded is less than the premium paid, which means that there will be a loss. The surrender rate is generally around 70%. The policyholder can unilaterally terminate the insurance contract during the cooling-off period, that is, the policyholder can surrender the insurance and terminate the contract at any time.

1. Surrender of the policy

(1) Full surrender

There are usually only a few cases in which the policy can be surrendered in full:

1.Surrender during the cooling-off period

Usually there is a hesitation period after the purchase of insurance, and the surrender of the insurance during the hesitation period can return all the premiums, and the cost of production of about 10 yuan will be deducted.

2.It is signed

Due to the non-standard operation of some salesmen, the insurance contract is not signed by the person, and the full amount can be refunded when applying for surrender.

3.There is evidence

If there is evidence that the person violated the operation or deceived the consumer, you can also apply for a full refund in this case.

(2) Refund of cash value

If the policy is surrendered outside the hesitation period, only the cash value can be refunded, and the cash value is savings life insurance, such as whole life insurance, term life insurance with a term of more than one year, comprehensive insurance, long-term consumption critical illness insurance, savings critical illness insurance, endowment insurance, universal insurance and participating insurance, etc.; One-year medical insurance, accident insurance, etc., generally have no cash value.

(3) Return of cash value + dividends

The cash value has been mentioned above, and here we will talk about dividends. The dividend will be divided into two parts, one part is the agreed fixed payment to the customer's insurance money, and the other part is the insurance payment to the customer according to the insurance company's operation, and this part of the uncertain insurance money is called the dividend. It can be seen that if the surrender period exceeds the cooling-off period, the money that can be refunded is less than the premium paid, which means that there will be a loss.

2. Surrender the policy

1. Requirements and procedures for surrender:

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;

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

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

If the insured wants to surrender the insurance first, the applicant shall provide a surrender application with the written consent of the policyholder;

The insurance policy provided by the surrenderer to prove the conclusion of the contract and the proof of the last payment;

Proof of identity of the policyholder;

If the policyholder or the insured entrusts another person to handle the application on his behalf, the power of attorney of the policyholder or the insured and the identity card of the principal shall be provided.

Hello, I received your question and am in the process of inquiry, and I will reply to you as soon as possible.

Hello, the surrender of life insurance products is a refund of cash value, which is not cost-effective for you.

The formula for calculating the cash value is: the premium paid by the policyholder - the operating expenses incurred by the insurance company on the policy - the commission paid by the insurance company to the insurance salesman for the insurance - the corresponding premium during the effective period of the policy - the cost of the policy + the interest on the remaining premium.

The specific amount of money that can be refunded needs to be calculated by the insurance company.

Question: I bought Taikang insurance, paid for four years, and now I want to surrender the policy, how can I minimize the loss?

More than 3,000 questions are asked every year.

At that time, I was fooled by the insured to buy it, and now I am very hesitant.

It is recommended that you review the details of your policy before deciding whether you want to surrender the policy.

We now also have a one-on-one insurance expert service who can assist you in interpreting your policy for free.

How much can I get back?

This is the calculation company of the cash value, and how much money can be refunded is something that we can't calculate, and we need the insurance company to calculate.

The question is that I don't understand the insurance, and I don't want to pay it.

The answer understands what you mean, so we can help you interpret the policy, see if your insurance will be refunded later, or you can receive survival insurance benefits, etc., and then you can decide whether you want to refund. Because it is definitely not cost-effective for you to surrender the insurance now, after all, you have paid it for 4 years, and if you return, it is possible to return one or two thousand yuan.

Question: I bought Taikang Wholeheartedly A Insurance.

If the insured is still alive at the expiration of the insurance period of this contract, we will pay the survival insurance money to the beneficiary of the survival insurance money according to the amount of insurance premiums (without interest) that you have paid in this contract and the additional contract, and this contract will be terminated.