How to surrender the Ping An Insurance Education Fund

Recently, I found that many people want to surrender critical illness insurance, which is normal, critical illness insurance is more complicated, and it is inevitable that they feel that it is not suitable for them after buying it"Top 10 Popular Critical Illness Insurance Points Worth Buying! 》

How to surrender the policy? There are two forms: online surrender and offline surrender.

(1) Online surrender

Here is a reminder that if you buy insurance in a bank or other APP, if you want to surrender the policy, you have to find the insurance company behind the policy, because the bank can be regarded as just a trading platform, and it is the insurance company that really provides protection, so the insurance company can handle the business for the policyholder.

Here's an analysis:Is it reliable to buy insurance online? What is the difference between online and offline insurance? 》

(2) Offline surrender

Offline surrender is generally this process:

The main purpose of typing ** is to confirm that you need to bring the information, so that you can handle the application at one time. The insurance company cannot refuse the policyholder's surrender application, but the surrender can only return the cash value, and a part of the loss will be made, so you must be mentally prepared. The validity of the policy will be terminated from the date of receipt of the application for termination of the insurance contract by the insurance company, and the cash value of the contract will be refunded by the insurance company within 30 days from the date of receipt of the relevant proof and information.

If you have already decided to surrender the policy, remember that it is important to return the old policy only after the new insurance has already taken effect to ensure that you are always covered.

Space is limited, I put the details of the surrender here:What are the details to pay attention to when surrendering an insurance policy? 》Hope!

Hello, if you request to surrender the policy within 10 days after signing the insurance policy, that is, during the cooling-off period, the insurance company will refund the entire insurance premium. If you request to surrender the policy within the contract period, the insurance company will refund the cash value of the insurance policy within 30 days of receiving your supporting documents, and the following supporting documents are required for the surrender of the policy: insurance policy or other insurance certificate; Receipt of the latest premium; Application for termination of contract; Proof of the policyholder's identity.

At this time, it is not recommended to surrender the policy, because the loss is relatively large, good luck!

If you want to refund your insurance, you can go to the counter with your ID card, application for cancellation of insurance contract, bank settlement passbook, and insurance policy. Pay attention to the surrender value when surrendering the policy, and if the surrender value is not large, it is recommended to keep it first.

What is the cash value of surrender:

The cash value refers to the amount that is refunded by the insurance company to the policyholder when the policyholder surrenders the policy or the insurance company terminates the insurance contract.

The cash value of the insurance policy, also known as the "cancellation refund" or "surrender value", refers to the amount that the life insurance company should reimburse when the insured requests to cancel or surrender the policy. Put simply, it's how much your policy is worth at the current point in time.

The cash value of the policy = the premiums paid by the policyholder - the amount of the insurance company's management expenses on the policy - the commission paid by the insurance company to the relevant personnel for the policy - the net premium of the policy that the insurance company has borne + the interest generated on the remaining premiums.

It can also be seen from the above formula that when the premium paid in the policy is higher than the operating expenses + protection cost, the insurance company will help you save it and use it to invest to earn interest, which will form a cash value, and the cash value will always be affected by the following factors: whether there is a premium to continue to pay, policy interest, whether the compensation has been paid, time, etc., to change.

How to surrender the policy: 1. Before surrendering, you should read the relevant instructions and terms of the insurance contract of the purchased insurance to clarify when the insurance can be surrendered, under what circumstances the insurance can be surrendered, what procedures are required for the surrender business and the cost of surrender.

2. After clarifying the relevant information about surrender in the insurance contract, check whether the signature traces in the contract and receipt form are clear when purchasing insurance, and prepare the policyholder's second-generation ID card, bank card, insurance policy, insurance receipt and other insurance materials.

3. The policyholder should bring his or her personal ID card, bank card, insurance policy, insurance receipt and other insurance materials to the counter of Ping An Insurance Company to handle the surrender business. Fill in the application form for cancellation of the insurance contract, submit the application form after filling it out, and submit the prepared insurance materials.

You can go directly to the business hall to surrender the insurance, but Ping An Xueping Insurance doesn't have much money, and if you surrender the insurance, you can't refund much, so keep it.

3. Bring the policyholder's ID card, insurance policy and bank card to the safe counter.

I hope my reply can help you

After buying Ping An's education insurance, it is possible to surrender the insurance, and some people think that the insurance is almost just a matter of buying it, but later regret wanting to surrender the insurance. If you find that you have bought the wrong insurance and want to surrender the policy, you should also be cautious, otherwise it may cause a lot of losses. There may be many people who are not familiar with the understanding of insurance, and then lead to the wrong insurance, will want to surrender the insurance, senior sister suggests that you can learn some basic knowledge before applying for insurance:

Before buying insurance, you must first understand these key knowledge points!

1. Surrender the policy during the hesitation period.

Generally speaking, after buying insurance, there will be about 10-15 days, if you want to surrender the insurance within this time period, you can directly apply to the insurance company to terminate the insurance contract, basically only need to deduct more than a dozen yuan of production costs, you can get back the premiums paid.

2. Surrender the policy after the cooling-off period.

If the policyholder applies for surrender after the cooling-off period, he or she must fill in the application form for termination of the contract and provide the insurance contract and the policyholder's valid ID card to the insurance company. The validity of the insurance contract shall cease when the insurance company receives the application for cancellation of the contract.

The insurance company will refund the money to the policyholder within 30 days from the date of receipt of the application for cancellation of the contract.

Surrender the policy after the cooling-off period, generally only the cash value will be refunded, and the cash value of education insurance in the first year or two of the policy is usually very low, if we choose to surrender the policy when we buy it for one year, our loss will be relatively large. So how can we reduce the loss of surrender? There are several ways to do this:

How to surrender insurance, how much can be refunded, and how to reduce surrender losses?

Therefore, whether it is to buy insurance or surrender the insurance, we must be cautious and not blindly insure, so how can we buy the right insurance, senior sister is here to teach you to choose the right insurance: how to buy insurance for different ages? Everyone should have their own plan.

The cash value of the refund is on the insurance contract. Ping An Fu surrenders the policy in the first year, and the general cash value is a few hundred yuan, that is, it can be refunded a few hundred yuan.

The details of Ping An Insurance's surrender are as follows:

1. If Ping An Insurance is within the hesitation period, the surrender only needs to deduct a small amount of the production cost, and all the remaining premiums are refunded in full, and there is basically no loss.

2. If Ping An Insurance exceeds the hesitation period, the surrender is calculated according to the cash value, in simple terms, the calculation formula of the cash value is the cost paid by the policyholder - the management fee of the insurance company - other costs - the premium of the underwriting time + the interest generated by the remaining premium, that is, the amount of surrender. The cash value of different products of Ping An Insurance varies.

3. The surrender of critical illness insurance is based on the cash value, which can be compared with the cash value table at the back of the policy, and the term corresponds to the cash value of the current year; Universal insurance surrender depends on the account value; The surrender of annuity insurance is the total benefit of retirement, that is, the cash value + unclaimed dividends and survival benefits.

Let's take an example to take the surrender benefit of Ping An Fu 2018 as an example, if the surrender of Shu Li as a critical illness insurance is based on the cash value, assuming that the insurance is 300,000 yuan, and the payment will be paid for 20 years:

If the annual premium is $6,788 when the insured is 20 years old, the cash value of the policy surrender after one year is $1,706;

If the annual premium paid by the insured is $9,392 at the age of 30, the cash value of the policy surrendered after one year is $2,715;

If the annual premium is $13,311 when the insured is 40 years old, the cash value of surrender after one year is $3,761.