How to calculate the cash surrender value of the insurance, how to calculate the cash surrender valu

The cash value is the amount of money that the customer can take at the time of surrender, which is for the corresponding year and does not need to be multiplied by 8 or accumulated.

Some companies' cash value table is converted for you, that is, how much money should be paid for the surrender of your policy in the corresponding year, and there is no need to calculate it.

Some companies give a cash value of 1,000 yuan (or 10,000 yuan) of the sum insured, which requires you to convert it according to the amount of insurance you have insured (it should be indicated in the header of the table).

Your estimate is to be converted, and generally you won't pay 10,000, but you can only refund 900.

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 is the amount of money that can be refunded when the policy is surrendered halfway, and the cash value is significantly lower than the premium paid. Because the insurance company has to deposit a liability reserve, if you surrender the policy in the middle of the policy, the liability reserve of the policy will be used as a refund for the termination of the contract (which means that this part of the money will not be refunded). There are two ways to calculate the surrender rate:

Calculated using the surrender amount paid. The policyholder terminates the insurance contract during the insurance period, and the insurer pays the cash value (surrender money) of the insurance policy as agreed: the cash value comes from the reserve of the policy, which is accumulated by the insurance premiums paid by the policyholder over the years.

Therefore, the surrender rate is the ratio of the total surrender benefit paid to the sum of the opening allowance plus the net premium for the current period. It is an important indicator that reflects the quality of the business.

The calculation formula is as follows: Surrender rate = [Total surrender benefit for the current period (total accumulated reserves at the beginning of the period + total net premium for the current period)] * 100%;

Calculated with the sum insured: the ratio of the sum insured of the surrender policy in the current year to the total sum insured in force at the beginning of the year, i.e.

Surrender rate = (Surrender policy sum assured at the beginning of the year Total sum insured at the beginning of the year) * 100%.

Surrender money refers to the surrender money paid to the insured in accordance with the provisions of the insurance clause when the insured handles the surrender of the long-term life insurance business operated by the company.

Calculation of surrender payment: If the policyholder has paid the insurance premium for more than two years when the policyholder terminates the contract, the insurer shall refund the cash value of the insurance policy within 30 days from the date of receipt of the notice of termination; If the insurance premium is not paid in full for two years, the insurer shall refund the insurance premium after deducting the handling fee in accordance with the contract. (1) Normal surrender:

If the insured object has moved to the place where the household registration has not established a rural insurance system, the rural area has been converted to non-rural or dies during the payment period, the insurance can be surrendered normally. At the time of surrender, the insurance premium paid by the individual will be refunded to the individual or legal heirs after deducting the management service fee, and the interest will be calculated according to the prescribed surrender interest rate. (2) Abnormal surrender:

In principle, it is not allowed to withdraw from the insurance under abnormal circumstances. If an individual insists on withdrawing from the insurance, only the insurance premium paid by the individual subject of the insurance will be refunded (deducting the management service fee and not calculating interest). According to the principle that individuals do not participate in the pension insurance and the collective does not subsidize, the collective subsidy that has been included in the name of the individual will not be refunded and will be included in the **.

The cash value is the value of the policy you purchased, and generally when you buy long-term life insurance, each insurance contract is accompanied by a cash value table, which is convenient for customers to check by themselves. When we decide to surrender the policy, the cash value is the amount we can get back, and many friends only find out that there is still a cash value when they are ready to surrender the policy. In addition, we can borrow from insurance companies, and the general loan ratio is between 80% and 90% of the cash value.

In fact, the cash value calculation of the policy is not difficult, and it is shown in the policy of life insurance products of the nature of savings, assuming that the consumer wants to surrender the policy in the third year, find the "cash value" in the contract**, and look at the third year, find the value of the "cash value" in the corresponding bank. How many years have you paid can be queried in the corresponding **. Of course, the cash value of the policy can be "frozen".

The cash surrender value is calculated as follows:

Cash Value = Premium * 65% * (1-m n).

where m represents the number of days that have been effective, and n represents the actual number of days.

The calculation of the surrender premium of the cash value table is generally decided by the insurance company, and there is no need for personal calculation, there will be a cash value table behind the policy, corresponding to the surrender of 10,000 or 1,000 sum insured under different years, if you buy the sum insured of 100,000, the cash value table shows the sum insured of 1,000, you only need to multiply the surrender number by 10. Different insurance companies have different ways of calculating the cash value at the time of surrender, but it is generally reflected in the terms of the insurance contract. The cash value generally refers to the surrender amount of the life insurance policy, because the policy will accumulate a certain amount of liability reserve due to the single payment or equalization of the pure premium system, and when the policyholder surrenders the policy, the insurance company will deduct a certain surrender fee from the liability reserve, and the balance will be returned to the policyholder as a surrender payment.

For the policyholder and the insured, the cash value mainly has the following functions: one is the surrender cash value, one can be used as a policy loan, and the other can be used for dividends.

Extended Information: Can the cash value of insurance be withdrawn.

The cash value of the insurance cannot be withdrawn. Because the cash value of the insurance refers to the amount of refund received by the policyholder after applying for surrender from the insurance company, only when applying for surrender can the annual cash value of the current policy be obtained.

The cash value of the insurance is checked in **.

The insurance contract of each policy includes a cash value table in which you can see the cash value of the policy for the current year.

How to return the insurance so that there is no loss.

How to surrender the insurance so that there is no loss, we can surrender the policy during the hesitation period of the policy, or the policy is invalid, the insurance company's ** return visit failed, etc., and the application for surrender can often be fully refunded.

Surrender during the cooling-off period.

If you apply for surrender during the cooling-off period of the policy, it will not cause much financial loss, and the insurance company will only deduct a certain surrender fee, which will not exceed 10 yuan under normal circumstances, and the rest of the premium funds paid will be refunded in full.

Calculation of cash value1. The cash value of the policy = the premium paid by the policyholder - the amount of the insurance company's management expenses apportioned on the policy - the commission paid by the insurance company to the salesman because of the policy - the net premium required by the insurance company to bear the insurance liability of the policy + the interest accrued by the remaining premium. 2. When we buy insurance and don't want it, we will apply for surrender, which is generally calculated according to the cash value of the policy, but the cash value returned is often much less than the premium paid, so we need to have a good understanding of the cash value of the policy. In view of the above formula, it can be found that the insurance company will deposit and withdraw the initial premium, so as not to hinder the realization of the policyholder's rights and interests, but on the other hand, it will accumulate part of the premium income for investment, and use the generated investment income for future claims.

Calculation of cash value1. The cash value of the policy = the premium paid by the policyholder - the amount of the insurance company's management expenses apportioned on the policy - the commission paid by the insurance company to the salesman because of the policy - the net premium required by the insurance company to bear the insurance liability of the policy + the interest accrued by the remaining premium. 2. When we buy insurance and don't want it, we will apply for surrender, which is generally calculated according to the cash value of the policy, but the cash value returned is often much less than the premium paid, so we need to have a good understanding of the cash value of the policy. In view of the above formula, it can be found that the insurance company will deposit and withdraw the initial premium, so as not to hinder the realization of the policyholder's rights and interests, but on the other hand, it will accumulate part of the premium income for investment, and use the generated investment income for future claims.

1.The cash surrender value is calculated as follows: cash value = premium * 65% * (1-m n), where m is the number of days in force and n is the insurance period

Both insurances, life insurance, fixed life insurance, endowment insurance, universal insurance, and participating insurance all have cash value. In the event of surrender, there will be a retreat insurance premium. Policies such as short-term accidents, term life insurance, health insurance, housing and property insurance usually have no cash value, the cash value of the policy = the premium paid by the applicant, the amount of the insurance company's management costs are all in this insurance, the insurance company pays the commission to the salesperson because of the insurance policy - pure insurance premium, the insurance company bears the insurance liability of this insurance policy + the interest generated by the remaining insurance premium, as for how much cash value you can get, or how much you can lose, It depends on the terms of your insurance contract.

2.The cash value refers to the amount that the customer can withdraw when returning or exchanging. It is once a year, does not need to be multiplied or accumulated, and some companies have a cash value table that is converted to you, that is, how much money you should get for the annual surrender of this policy does not need to be calculated.

Some companies give a cash value of $1,000 (or $10,000) to the amount of insurance, which you need to convert based on the amount of insurance you are insured (which should be indicated in the header).

3.During the period of hesitation to surrender, the insurance is a full refund of the insurance premium paid; Surrender after the hesitation period, surrender is based on the cash value A few years ago, the insurance company that pays the premium will deduct some expenses on the basis of the premium paid by the insurance company, mainly deducting the cost risk guarantee, the insurance company, costs and profits, sales commissions, expense sharing amounts, etc., plus interest for the cash value of the remaining subscription fee, the specific cash value is specified by the insurance company in the contract, included in the specific cash value statement of the current year.

Extended Materials. How to fully surrender the insurance to the refund of the refund, but also according to the current specific situation of the policy to determine whether the full surrender, after the insurance product, the insurance policy does not take effect immediately, but the need for a holiday will officially produce protection benefits. Therefore, if you apply for surrender within this period, you will get all the funds paid, and only the corresponding handling fee will be deducted.

If the insurance is surrendered during the cooling-off period, the premium paid will be refunded in full; After the cooling-off period surrender is based on the cash value to surrender, in the first few years of the premium, the insurance company on the basis of the premium paid to deduct some of the expenses to be incurred by the insurance company, the main deduction is the risk protection cost, the insurance company's cost and profit, the salesman's commission, the amount of management expenses apportioned, etc., plus the interest generated by the remaining report is the cash value, the specific cash value is indicated by the insurance company in the contract, to the year clear cash value table.

Further Information] Cash Value is an insurance term that refers to the surrender amount of a life insurance policy. In life insurance with a long insurance period, due to the use of a single premium or balanced pure premium system, a certain amount of liability reserve has been accumulated under the policy, and when the insured requests to surrender the policy, the insurer deducts a certain surrender fee from the liability reserve, and the balance is used as surrender money (also known as"Termination fee") to be returned to the insured or policyholder. A life insurance policy that does not pay premiums can be surrendered at any time and receive a surrender benefit; A life insurance policy that pays premiums in installments can be surrendered at any time after one or two years of payment, and the amount of surrender money that can be received at the time of surrender is the cash value of the insurance policy.

An insurance policy with a cash value is transferable upon endorsement (sometimes with the consent of the beneficiary, as provided for in the contract), and the cash value of such an insurance policy is not a replacement of the insured.

Surrender is divided into hesitation period surrender and normal surrender, and the results of these two surrender methods are different. If the policyholder surrenders the policy during the cooling-off period, during which the insurer agrees to the policyholder's application, cancels the contract and refunds all premiums received. Therefore, it is not the cash value that is refunded at this time.

However, it should be noted that the "cooling-off period" generally refers to 10 days (15 days for the bancassurance channel) after the policyholder receives the insurance contract.

Therefore, users should grasp this time accurately. If the policyholder surrenders the policy for more than the cooling-off period, then it is a normal surrender. If the policy is surrendered normally, the cash value will be refunded, which will be a relatively large loss for the policyholder.

In the process of surrendering the policy, the insurance company will determine the insurance rate according to the probability of the occurrence of the risk accident, the insurance rate will be higher if the risk is high, and the insurance rate will be lower if the risk is low.

As a result, the cash value of the policy is low. On the other hand, insurance is a long-term plan, and the policyholder surrenders the policy halfway, which disrupts the long-term arrangement of insurance funds, which is the reason for the large loss of surrender in the middle of the policy. Therefore, if the policy is surrendered normally compared with the hesitation period, the policyholder will incur a greater loss.

Therefore, policyholders who are ready to surrender the policy normally should be mentally prepared in advance.

If the insurance is surrendered during the cooling-off period, the premium paid will be refunded in full; After the cooling-off period, the surrender is based on the cash value, a few years before the premium is paid, the insurance company will deduct some expenses to be incurred by the insurance company on the basis of the premium paid, the specific cash value is indicated by the insurance company in the contract, and the cash value table is clear for that year.