I want to surrender the policy after 12 years of payment, can I get a full refund?

Due to a change of residence or a move to live or work in a foreign country, the customer can apply for the relocation of the policy from the original signing institution to other branches of New China Insurance to continue to enjoy the rights and obligations of the insurance contract.

Applicant: Policyholder.

Preparation materials: Application for Preservation Operation, original insurance contract, latest payment voucher, original identity certificate of the policyholder, original identity certificate of the trustee (if entrusted to another person).

Note: The policyholder shall submit an application at the location of the moving institution, fill in the "Application Form for Preservation Operations", and submit the relevant application materials to our company according to the regulations after the policyholder, the insured (if the insured is a minor, it must be signed by his guardian), and the client (if it is handled by another person);

At present, our company only provides policy migration for individual business products (except for investment-linked products and short-term insurance products with a term of less than one year (including one year));

The move-out and move-in institutions are all branches of our company that have been opened;

For insured accidents that occur during the migration of the policy, the liability shall be defined based on the zero hour of the move-out date, that is, the move-in institution shall bear the insurance liability from 0:00 on the move-out date, and the move-out institution shall bear the insurance liability before the midnight of the move-out date;

Our company will not accept applications for policies that are in the process of claims, within the grace period, with outstanding premium payments or policy pledge loans, with outstanding payments, and in the process of bank transfer.

To sum up, New China Life Insurance can handle the transfer business through cooperative outlets or Xinhua customer service centers with relevant materials.

No, there will be a fee.

It is not necessary to refund the full amount of the insurance, depending on the provisions of the policy. Some insurance terms are 10 years and can be recovered naturally at the end of the year, while some insurance is a whole life insurance policy, and if the policy is surrendered, it is likely to suffer a loss, and if it is not for the surrender, it is the cash value that can be refunded. If you are not in a hurry to wait for this money, then it is best not to consider surrendering the insurance, after all, the protection of insurance is the first, and after surrendering, the protection of insurance is lost.

Extended information: 1. Surrender can be divided into hesitation period surrender and normal surrender. Some insurance companies offer a negotiated surrender method in order to resolve disputes.

Surrender during the cooling-off period.

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.

Normal surrender. Surrender beyond the cooling-off period will be regarded as normal surrender. Policies that have received insurance benefits are not eligible for surrender. Normal surrender generally requires that after a certain number of years of the policy, the policyholder can apply for termination, and the life insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application.

The cash value of a policy is the amount of money that can be returned in the event of termination or surrender of the life insurance contract. In a long-term life insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill its contractual obligations, and when the insured requests to terminate or surrender the policy for any reason during the validity period of the insurance, the insurance company will return the balance of the liability reserve minus the cancellation deduction to the insured according to the regulations, and this part of the amount is the cash value of the policy.

2. Precautions.

The following points should be paid attention to when handling the surrender of the policy:

1.The eligible person to apply for surrender is the policyholder. 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.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.

3.The surrenderer is required to provide the following documents when handling the surrender:

1) The application form of the policyholder, if the insured requests to surrender the insurance, the application for surrender of the insurance with the written consent of the policyholder shall be provided;

2) A valid insurance contract and proof of the last payment;

3) Proof of identity of the policyholder;

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

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 that has reached the survival period (the policyholder has completed the payment obligation to avoid the policyholder from harming the interests of the insured for his own interests).

After paying a year's insurance premium, I want to surrender the policy, and I can't refund much money, because after the hesitation period, I will strictly follow the contract to execute, for my own application for surrender, I can only return a limited cash value, the cash value is a very small part of the money, the specific amount we can refer to the contract provisions on our own policy, basically negligible, so we must consider carefully before buying insurance, and we must make a careful decision, so as to reduce the surrender of the policy during the contract period. in order to minimize their losses.

1. Be cautious when buying insurance. To buy insurance, we must choose carefully, first of all, we must consider our own needs, to combine our own actual conditions, to buy insurance suitable for ourselves, the order of purchasing insurance should also be clear, to see which risk has the greatest impact on us, should be purchased first. For example, when family members buy, they should buy the pillar members of the family first, and then the elderly and children.

Second, buy insurance to compare more. There is a certain gap between different insurance companies, different protections, and different amounts of insurance, we must compare more before buying insurance, although it is said that we are eager to obtain effective protection, but we must shop around to buy products that suit us, which can also prevent us from buying insurance, after signing the contract, but found a more cost-effective product, to prevent ourselves from impulsively buying products that are not suitable for themselves, and will also affect our later life or claims.

3. Don't surrender insurance easily. We should not easily surrender the insurance after buying it, the insurance generally has a 20-day hesitation period, and the surrender during the hesitation period can refund the premium we paid, but after the hesitation period, we can only return the limited cash value, which is very cost-effective for us, and we are not guaranteed, and we can not get financial compensation after the risk.

If the policy is surrendered after one year, the surrender fee needs to be checked for the specific amount of the policy and the specific calculation formula in the insurance company, because these are clearly stipulated. The amount of the refund is also calculated by formula.

Answer 1, hesitation period surrender: the general insurance company will have a hesitation period, the hesitation period is within 10 days of the policyholder getting the policy, within 10 days, the policyholder applies for surrender, usually the insurance company will deduct the cost of the cost of the refund of all premiums.

2. Normal surrender: Normal surrender refers to the surrender beyond the hesitation period, before the policyholder submits the surrender, the policy needs to be completed for one year, the policyholder directly to the insurance company to submit a surrender application, and the insurance company will refund the cash value of the policy within 30 days from the date of receiving the application.

The insurance has passed the hesitation period, and now if you want to surrender the policy, you can only go to the business hall with the relevant documents to handle the business, and the previous premium cannot be refunded in full, at most the cash value of the policy can be refunded.

If you want to surrender the insurance after paying the insurance premium for one year, how much the premium can be refunded, this is related to the nature of the insurance product, if it is accident insurance, travel insurance, medical insurance and other insurance companies will not surrender the policy; Long-term whole life insurance can be surrendered, but only the cash value of the policy; The cash value is often lower than the premiums paid; After the hesitation period, the surrender policyholder has suffered a large loss, and has paid a year's premium, and if the cost of nearly 10,000 yuan is returned, it may only be 1 10.

After paying for one year, you can refund 40% of the amount, which should be able to refund about 2,000 yuan, mainly depending on how much money you paid at the beginning.

Generally, you can get 80% 90%. Because there are corresponding liquidated damages, it is also a good result to be able to get so much money.

There are many types of insurance, depending on what type of insurance you buy, if you buy savings insurance, after 10 years, it is possible to get more money than the total premium after surrendering. If you buy protection insurance, for more long-term protection, it is not recommended to surrender the policy, even if the surrender will have a loss, you can look at the cash value of your policy, that is, the money you can get by surrendering the policy, if you want to surrender the policy, it is best to find a professional, analyze it well, and then decide.

Hello, it depends on the type of insurance you bought, why should you refund it? It's best not to return, if you return it, you will set up a guarantee, welcome to consult at any time.

In principle, it is the cash value of the exit insurance (the specific amount should be stated on a page of the contract), and some handling fees and the like must be deducted. For details, please refer to the "Cash Value Table" page in the contract.

After paying for two years, the cooling-off period can only be refunded the cash value, not the premium paid, and the cash value can be seen in the policy, corresponding to the first few years of surrender, how much money can be returned. In previous years, the surrender loss was large.

1. Surrender after the cooling-off period.

After the cooling-off period, only the cash value will be refunded. The cash value is the amount of money that can be returned in the event of termination or surrender of the guarantee.

2. The cash value can be found in the following ways:

1.The applicant calls the customer service number of the insurance company and provides the policy number and number to the customer service to enquire about the cash value of the policy.

2.The policyholder can give the policy number to the insurance company's policy service staff. Policy servicers can market the cash value of the policy online.

3.Applicants can bring the policy and identity card to the counter of the insurance company's customer service centre to check the cash value of the policy.

4.Policyholders can view a table of cash values for the current year on a paper contract.

2. Reduced payment.

There may be a loss of the cash value of the refund, and if you choose to apply for a reduction in payment, it can be regarded as a way to reduce the loss.

Reduced payment: If you are unable to pay normally when the policy is in force, but you do not want to surrender the policy, then reduce the sum insured and the policy will continue to be valid.

Of course, not all insurance products have the function of reducing the amount of payment, and you need to ask the insurance company yourself.

3. Pay attention to the following issues before surrendering the policy:

1.If you want to replace a new product, it depends on whether the current physical condition meets the health notice of buying a new product.

If there are any abnormalities in the physical examination, the purchase of new products may not be able to pass the health notification and the insurance may not be successful.

If the current health condition does not allow the purchase of new products, then the operation of surrendering the policy should be cautious!

2.For example, most critical illness insurance companies have a waiting period of 90 days, or even 180 days. If the policy is surrendered, the waiting period will be recalculated. If the insurance occurs during the observation period, it will not be able to be claimed.

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.

At this time, it has something to do with the insurance premiums you paid before, and then it is also related to the handling fee that the insurance company needs to deduct, and the general refund is about 70%.