My Ping An insurance has been paid for three years, and if I want to surrender the policy, how much

If you plan to surrender the policy, you will definitely think first, how much money can be refunded, and is there a way to refund more? Let's put a guide first:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

What insurance does Ping An have? Depending on the type of insurance, the cash value may be 0, that is, not all insurance has a cash value, and long-term insurance such as whole life insurance, term life insurance, endowment insurance, critical illness insurance with a term of more than one year, and participating insurance have a cash value, while products such as personal accident insurance and home property insurance with a one-year term do not have a cash value.

After submitting the surrender application, the insurance company agrees to surrender the policy, but only the "cash value" will be refunded.

How much money can be refunded under an insurance policy is divided into the following situations:

(1) Full surrender

Usually these can be fully surrendered:

1.Surrender during the cooling-off period

Usually there is a hesitation period after the purchase of insurance, and the surrender of the insurance within the hesitation period can be refunded in full, and the cost of production will be charged about 10 yuan, and the general hesitation period is calculated from the receipt of the contract, which is generally 10-15 days, which will be stated in the contract.

2.It is signed

If some salesmen operate improperly and the insurance contract is not signed by the person, in this case, the application for surrender can be refunded in full.

3.There is evidence

If there is evidence that the **person has violated the rules or has deceived the insurance element, you can also apply for a full refund at this time.

(2) Refund of cash value

If the hesitation period has been exceeded, then the cash value can only be refunded, and the cash value is savings life insurance, such as savings critical illness insurance, endowment insurance, whole life insurance, term life insurance with a term of more than one year, long-term consumption critical illness insurance, endowment insurance, universal insurance and participating insurance; Accident insurance, one-year medical insurance, etc., generally have no cash value.

The cash value of the policy can be calculated in this way just by looking at the contract provisions or by asking the customer service of the insurance company

(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 the agreed fixed payment to the customer's insurance money, and the other part of the insurance money to the customer is related to the insurance company's operation, and this part of the uncertain insurance money is called the dividend. The details are sorted out here:

"Demystifying the Mystery of Dividend Insurance".

It can be found that if you have exceeded the hesitation period and then surrender the policy, 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!

Insurance is protection. If you buy insurance, don't surrender it easily, otherwise, you will not only suffer losses, but also lose a protection. Surrender depends on the cash value of the policy in the current year. After paying for three years, it depends on the cash value of the third year.

Why do you want to refund, is it life insurance? That one.

Before we buy insurance products, we should conduct a reasonable analysis and comparison of insurance products in the market, and we should not blindly buy some insurance products, so as not to produce the psychology of surrender in the follow-up process. Going through the relevant surrender procedures will not only bring a lot of unnecessary trouble to yourself, but also make you lose a lot of money. We must conduct a comprehensive analysis of the insurance product, and we must think twice before choosing to buy.

After three years, the surrender is about 70% or 80%, and Ping An Insurance generally does not allow surrender, and some liquidated damages will be deducted.

If you want to surrender the policy after three years, you can only refund about 70% of the principal, and you cannot surrender the policy in full.

About 90%, because there is a certain handling fee, and secondly, there will be a certain amount of protection fee over the years.

It is possible to withdraw about 80%. Because I have purchased the corresponding insurance, I can only withdraw so much money at this time.

Hello! I have paid for two years after buying Ping An Insurance, and now I want to surrender the policy, how much can I refund, and I don't know how much I can refund?

There is a cash value table in the insurance contract, and now the surrender of the policy will often only return the cash value of the policy, and the amount of refund depends on the cash value in the policy.

There are two situations when we surrender the policy, one is to surrender the policy during the cooling-off period, and the other is to surrender the policy after the cooling-off period.

Surrender the policy during the cooling-off period, and the loss is very small.

If the insurance purchased is within the hesitation period, and then you realize that the insurance you bought is not suitable, everyone will be happy and will refund if you want to.

Because most products have provisions in the terms: surrender during the hesitation period, generally deduct the cost of production or directly do not deduct the fee. In other words, surrendering the policy during the hesitation period is almost no major economic loss.

But pay attention! Some products have a hesitation period of 10 days, while others have a 15-day period. Specific analysis of specific products is subject to the terms.

Surrender the policy after the hesitation period, and the loss is very large.

In fact, most people have already passed the hesitation period when they consider surrendering the policy.

In this case, if you surrender the policy, you will generally only get back the cash value of the policy.

The so-called cash value refers to the fact that there is a cost for the insurance company to operate every insurance product.

Cash Value = Premiums Paid Operating Costs of the Insurance Company + Interest Generated by Premiums Paid.

If the policyholder surrenders the policy in the middle of the policy, especially in the first two or three years, the policyholder will bear most of the financial loss. Like long-term insurance, the cash value in the previous years is not high, and you can only get a little money back when you surrender the policy.

If you pay 10,000 yuan, it is estimated that you can only return to about 2,000 yuan Anyway, you can't draw it So you must think carefully before paying the insurance Otherwise, the loss must be yourself.

Hello answer, happy to answer this question for you. If your insurance has been paid for two years, and now Ningxiang surrenders the policy halfway, then you can only return the principal, which is the cash value shown on your policy.

For example, if you have paid for two years, then you can only return the cash value shown on your policy for the second year.

If you surrender the policy in the middle of the policy, even if the loss is still relatively large, because the cash value of Huang Guang is much lower than the premium you paid at the beginning.

Ask: What is the best way to minimize the loss?

In this case, you will be more familiar with the loss of a little question.

I'll continue to say what you mean.

Love to joke about it! You were sent by the insurance company!

It's nice to pay it all the time.

This is just a personal suggestion, and you can also withdraw if you want to do so now.

But you have to bear the loss.

I paid about 20,000 yuan for 3 years in Ping An Insurance Company, and now I want to surrender the policy, I can refund half of it.

There are two situations when surrendering the policy, namely the surrender period and the surrender after the hesitation period, the insurance company will refund the premium in full, and the maximum cost of the contract will be deducted about 10 yuan, so the personal loss of surrender during the hesitation period is minimal.

If the policy is surrendered after the cooling-off period, it is a unilateral breach of contract. If the payment period does not reach two years, the insurer will refund the insurance premium after deducting the handling fee according to the contract. Cash Value = Liability Reserve - Surrender Fee.

Surrender is the cancellation of an insurance policy. After the insurance contract is signed, the parties may terminate the contract by agreement or in accordance with the laws and regulations of the country. In most forms of non-life term insurance policies, there is generally a clause for cancellation of the insurance policy, which sets out the conditions under which either party may cancel the insurance policy before it expires, so as to protect their respective interests from unreasonable prejudice caused by the termination of the insurance contract.

The clause generally provides that either party to the contract must give notice to the other party within a certain period of time before the cancellation is requested, and the insurance contract will not lapse until the end of the period. After the cancellation of the policy, the corresponding insurance premium must be refunded. 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 a 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.

The characteristic of surrender refers to the act of either party to the contract announcing (or requesting) to terminate the insurance contract and cancel the insurance policy during the validity period of the policy. In general, a non-life term insurance policy contains a clause for terminating the insurance contract, which stipulates the conditions for either party to cancel the insurance policy before it expires, so as to protect their interests from being damaged by the continuation of the insurance contract. The corresponding premium shall be refunded upon surrender of the policy.

Many people will regret it after buying insurance, especially after paying for two years, they always feel that this insurance is not suitable for them, and they always think about surrendering the insurance. If you already have this kind of idea, then you need to calculate the cash value of the policy before handling it, if you can accept your loss, then go to the business office as soon as possible to handle the business, if you can't accept the loss, you should consider whether to continue to renew the policy, which approach can minimize the loss.

It is normal for insurance companies to surrender their policies every day, but every time someone surrenders, it will cause losses to the insurance company. Therefore, the insurance company has set up the cash value of the policy, in order to minimize its own losses and prevent the policyholder from frequently buying insurance and surrendering the policy. The insurance company's approach is reasonable and legal, so the insured must bear the losses caused by his surrender after early surrender.

Many people may not understand, what exactly are the losses of insurance companies?

After the surrender of the policy, the insurance company can not continue to profit from the policyholder's subsequent premiums, but the insurance company has paid a part of the commission to the salesman, and has provided services to the policyholder normally over the years, and there are some service fees, handling fees, etc., all of which have to be deducted. After deducting all the losses, the final money is called the cash value of the policy. If the policyholder can accept the loss, it is necessary to handle the business as soon as possible, and if the loss cannot be accepted, you can calculate whether the loss can be minimized by continuing to renew the policy.

The money you can get back after surrendering this year, you mainly refer to the contract with a page of insurance, a page of cash value. Corresponding to the year of the correlation, you can take a look.

How many tens of thousands of dollars of insurance did you buy in the first year?

I have been asking questions for four years. Paid a little more than 20,000.

I paid it for four years. Paid a little more than 20,000.

What year did you buy this policy?

Question 2017

Is it true that the cash value at the end of the fourth policy year is $1,000 per sum insured?

A total of 250,000 sum assured, and the corresponding cash value of every 1,000 yuan is 250 shares, which is multiplied by the premium surrender money you can get.

The cash value of the policy refers to the amount that can be returned in the event of termination or surrender of the life insurance contract, and the specific amount of refund is still calculated according to the provisions of different products and the cash value stated in the insurance contract signed with the insurance company.

It should be reminded that there will be a certain amount of economic loss if the policy is surrendered after two years of insurance, and there will be a protection gap after surrender, that is, there will be risk losses, so it must be carefully considered.

It should be calculated according to the money you paid and the number of years you have to use it, and you have to remove part of the handling fee, and if you pay the fee for two years, you should be able to refund 80 85% of the original fee.

It will be calculated according to the specific handling fee, as well as the specific formula, and the surrender process, and about 70% of the money can be refunded after two years, and the corresponding handling fee needs to be deducted.

Ping An Insurance can choose to withdraw early and receive the premium paid in full, and you can get a refund of the premium for two years after paying for two years.

If you buy a one-year surrender, it is a midway surrender, and generally you can only return the cash value, which is generally about 10% to 15% of the premium paid, very little, because you don't know how much the amount paid is so it can't be calculated. If you want to know the specific amount, you can open the contract, calculate it according to the relevant terms and conditions above, or you can call ** to consult the salesman.

How to Surrender Properly

1. Assess your personal condition.

Before surrendering the policy, you must make an assessment of your age, physical condition and financial situation. In order to avoid the risk of not being able to purchase a new insurance policy in the future.

2. Apply for insurance in advance to avoid a gap in protection.

Daddy recommends that it is best to surrender the new insurance product after the waiting period. Once you have decided to surrender your policy, it is important to make a new plan in advance to minimize or avoid our exposure to risk.

3. Do not take the initiative to have a physical examination before purchasing a new insurance product.

Re-purchasing a new insurance product requires a new health notification. If it is not necessary, do not take the initiative to have a medical examination before purchasing a new insurance. If some diseases are found that affect the insurance, it is not easy to continue the insurance.

Therefore, it is necessary to conduct a risk assessment of your physical condition before surrendering and applying for insurance.

4. Arrange in advance to ensure that no more deductions will be made.

If you decide to surrender the policy, you need to apply for it and inform the insurance company that it will not pay any more. At the same time, do not put too much money in the bank card associated with the deduction of the previous product or try not to have a balance, so as to avoid automatic deduction and overpayment of premiums.

5. Make the most of the grace period.

The grace period refers to the grace period granted by the insurance company to the policyholder for failing to pay the premium on time, which is generally 60 days. During the grace period, the contract of insurance remains valid even if no contributions have been made. The insurance company needs to compensate for the insured accident that occurs during this period in accordance with the contract.

Insurance Surrender Process:

2. After confirming that you meet the surrender conditions, prepare relevant surrender information as required, generally need to prepare your valid ID card, bank card, first invoice, first policy contract, etc., it is recommended to prepare the original and copy

3. Then bring the materials to the local insurance company counter to go through the surrender procedures, you need to receive and fill in a "Insurance Contract Termination Application", fill it out and hand it to the insurance company staff, and also need to fill in some documents and instructions, and see the signature

4. Specify the bank account you use to surrender the insurance, and if it is a new card, you should give a copy of the other party's bank card

5. Wait for the insurance company to review, and the insurance company will transfer the money to the designated bank account after the review is passed.