I bought Tianan financial insurance, how much money will I lose if I surrender the policy?

Xueba talks about insurance, focusing on insurance evaluation! Compare more before buying critical illness insurance, choose carefully, and surrender the policy if you buy the wrong one, so you will lose money, such as these paragraphs, it is not recommended to buyTop 10 [Not Worth Buying] Critical Illness Insurance Points!

If Tianan Financial Insurance is surrendered in the middle of the policy, the following fees will be deducted: <>

Some people always sign a contract with a wave of their hand when they buy insurance, but later regret to surrender the policy. If you don't know what knowledge points you have to surrender, it is recommended to take a look at this articleHow to surrender insurance, how much can be refunded, and how to reduce surrender losses?

The article is very detailed, here are a few points to briefly say.

Surrender often results in a certain amount of financial loss, but there are two exceptions:

1.Cooling-off period surrender:Insurance usually has a hesitation period, between 10-15 days, each product is different, if you surrender the policy within this time, there is basically no loss;

2.Sales misleading:If the salesperson is misleading when buying the insurance, it is possible to refund the entire premium if the signature in the insurance contract is not signed by the person.

In addition to these two cases, there are inevitable losses, and we can only find ways to minimize economic losses, such as choosing to reduce the amount to pay off

That is, the money is not refunded, but the current cash value is used as the premium to be paid, how much can be insured, and no further payment will be made in the future, and the protection will still be effective, but the sum insured will be reduced.

Compared with surrender, this method reduces the loss, but not all insurance products have this function, and whether it can be used or not needs to be negotiated with the insurance company.

In addition,These situations are also special attention to when surrendering the policy:

It is best to wait until the waiting period of the new insurance has expired before returning the old policy, because the interruption of the coverage due to surrender and replacement should be avoided as much as possible.

2.Health Status:If your physical condition is not as good as before, you may not be able to pass the underwriting of the new insurance, and it is not recommended to surrender the policy in this case.

3.Payment card balance:If you have a clear idea of surrendering the policy, you can empty the money in the bank card where you paid the premium, so as to avoid being deducted a sum of money during the payment period.

The precautions for surrender are not limited to this, I will not go into detail here, here to share with you a very comprehensive article, interested can be collectedWhat are the details to pay attention to when surrendering an insurance policy? Hope!

First of all, according to the amount and number of years you have insured, what type of insurance you have bought, and also according to the amount and years you have paid to decide how much money you will lose.

I recommend that you do not surrender the policy, as each insurance company charges a different handling fee for surrender.

Summary. The surrender of wealth management insurance is about 30% of the principal in the first year, and it depends on the product, which is generally listed in the contract as the cash value, which can be compared with the number of years. There is no loss if the policyholder surrenders the policy during the cooling-off period, but if the policy is surrendered beyond the cooling-off period, the cash value of the contract and the unclaimed survival benefit will be surrendered, and there may be a certain loss.

The policyholder needs to handle the surrender of the policy, and it is necessary to bring the ID card, policy and bank account to the insurance company's counter to handle the surrender.

Hello dear! Please wait for a loss of 30%-70%.

The surrender of wealth management insurance is about 30% of the principal in the first year, and it depends on the product, which is generally listed in the contract as the cash value, which can be compared with the number of years. There is no loss if the policyholder surrenders the policy during the cooling-off period, but if the policy is surrendered beyond the cooling-off period, the cash value of the contract and the unclaimed survival benefit will be surrendered, and there may be a certain loss. The policyholder needs to handle the surrender of the policy, and it is necessary to bring the ID card, policy and bank account to the insurance company's counter to handle the surrender.

"How much can I get back when I surrender my insurance?" ”

Will I lose a lot of money if I surrender my policy? ”

These surrender issues have always been a matter of great concern to everyone.

And the reasons for everyone to surrender the insurance are also varied, some people are misled by the sale to buy the wrong insurance, some people choose the amount of protection is too low, and some people need to pay too high premiums.

How much money can be refunded by insurance surrender, today I will talk to you about the surrender of the policy.

How much can I get back when I surrender my insurance?

When does it happen when we surrender the policy, there will be certain differences in the surrender of the policy. There are two scenarios in which we surrender the policyOne is the hesitation period and the other is normal surrender.

1.Cooling-off period surrender:

Generally, insurance products will have a hesitation period, which means that if we don't want it after we buy it, if we surrender the policy during this period, the insurance company will generally refund all the premiums we paid after deducting the cost of production.

The hesitation period is generally about 10 days after we just bought the insurance, of course, the hesitation period is different for different types of insurance, generally within half a month, so when we buy a new insurance, you can see the time of the hesitation period written in the insurance contract, and there is no loss in surrendering the policy during the hesitation period.

2.Surrender beyond the cooling-off period will be regarded as normal surrender

If the policy is surrendered after the cooling-off period, it is a normal surrender.

At this time, the amount of refund is closely related to the type of insurance and the insurance time.

Generally, the money that can be refunded is the cash value of the policy!

Cash value of the policy: Generally, there will be a cash value table in the insurance contract: the corresponding cash value at the end of the policy year, which will clearly indicate the cash value of the insurance contract corresponding to each year.

In general, the cash value of insurance products will be relatively low in the first few years, and the cash value will increase over time.

Wealth management insurance, generally the first 5 years or the first 10 years of surrender will have a certain loss, after 10 years or even longer, the relative loss will be reduced.

For the surrender of wealth management insurance, you can also check the cash value of the policy to see when the cash value is greater than the premium we paid, which proves that we have no loss!

Whether you need to surrender the policy, you need to fully understand your own protection needs and gaps, and configure matching insurance. If there is a significant gap and the loss of surrender is acceptable, we may consider surrendering. Although there is a large part of the cost of surrendering the policy, these are sunk costs and should not be taken into account.

If we can change the insurance plan in time and make the subsequent protection sufficient, it will be better in comparison.

<> if investors have just purchased insurance wealth management products, they will generally have a 15-day hesitation period, and they can be refunded in full during the hesitation period. If the hesitation period has passed, you generally cannot withdraw all of them, and can only refund part of the cash value, which will not only have no income, but also lose the principal, especially for bancassurance products.

If the insurance product is purchased in the Internet channel, it depends on the contract provisions, some platforms have a transfer function, after the product is transferred, you can go without taking it out, if it cannot be transferred, it cannot be taken out.

10%-100%, the specific surrender amount should be more insurance products and situations.

1. Cooling-off period: If the policyholder surrenders the policy during the cooling-off period, 100% of the full premium can be refunded, and some companies will remove the cost of production.

2. Outside the cooling-off period: If the policyholder surrenders the policy outside the cooling-off period, he can only return the cash value of his policy, usually between 10-70%. Only endowment-based life insurance has cash value, short-term insurance does not.

If the cash value of a long-term insurance product is relatively high, such as an increased whole life insurance, the cash value is almost the same as the premium paid before and after the premium is paid, and the surrender of the policy at that time is equivalent to a refund of the principal. If the policy is not surrendered and the cash value continues to grow, then there is a possibility that the premium paid will be greater than the premium paid in the later stage, and the policyholder can get back the surrender money greater than the principal amount at that time.

In addition, there are also some types of products that are related to the company's business status

3.Participating insurance: Participating insurance surrender can be refunded policy cash value + unclaimed dividends, of which dividends cannot be determined because they are related to the operating conditions or products of the insurance company;

4.Universal insurance: universal insurance surrender can be surrendered to the cash value of the policy + universal account value, of which, the universal account value cannot be determined, but also depends on the specific interest rate of the insurance product and other factors;

5.One-year insurance: that is, short-term insurance, if you choose to surrender the policy, then the insurance company will not refund any fees. However, if the policy is surrendered in the middle of the one-year benefit period, the insurance company can generally refund the remaining amount after deducting the premium and handling fee corresponding to the number of days covered.

Surrender Process:

1. Go to the counter of the local insurance company to manually handle the surrender, you only need to bring your ID card, policy and bank account, fill in the surrender application, and consult the specific information required for surrender;

2. According to the requirements of the insurance company, it is necessary to prepare the application for termination of the insurance contract (which can be filled in on the official website of the insurance company** or in the offline service outlets of the insurance company), the insurance policy, the ID card of the policyholder, the premium payment certificate, etc.;

3. Bring the surrender information to the counter of the insurance company to apply for surrender.

4. After the information is approved, the policyholder is required to fill in the application for terminating the insurance contract, and the insurance company will generally withdraw the policy, and the surrender money will be returned to the bank account designated by the policyholder within the agreed time.

Recently, I have seen that many people want to surrender critical illness insurance, and it is true that critical illness insurance is a complex type of insurance, and it is inevitable that after buying it, I feel that it is not suitable for me"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

Usually, you can find your own policy and apply for surrender, and you can operate according to the above requirements, but there are relatively few insurance policies that can be surrendered, and many of them have to be refunded by themselves or others.

What you need to understand is that if you buy insurance in a bank and other apps, you have to find the insurance company behind the policy if you want to surrender the policy, because the bank can't issue insurance products by itself, and it is the insurance company that really provides protection, so you have to find the insurance company to handle the surrender and other businesses.

After reading this, you will know: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:

You can consult the place of surrender and bring all the information, so that you don't have to run back and forth several times. 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 stipulation is that the validity of the policy terminates from the time the insurance company receives the application for termination of the insurance contract, and the insurance company will return the cash value of the contract within 30 days from the date of receipt of the relevant certificates and materials.

If you have already decided to surrender the policy, it is important to remember that the old policy must be surrendered after the new insurance has been effective, so as to ensure that the protection is always available.

There is no loss in surrendering during the hesitation period, and it is very inappropriate to surrender the policy the rest of the time, only the cash value can be refunded, and it is recommended not to surrender the policy.

Hello, I am happy to answer for you, your situation can be through 1, you can directly find ** person to apply for surrender 2, call Tianan Insurance customer service** for surrender consultation 3, bring the policyholder's ID card and policy and bank card to the Tianan Insurance counter for processing. I hope my reply can help you

The first step is to submit a surrender application. The second step is to prepare the documents required for surrender; In the third step, the policyholder goes to the counter to complete the surrender procedure, and if it goes well, the procedure can be completed on the spot. Therefore, in order to avoid the policyholder tossing back and forth when going through the surrender procedure, it is best to check the precautions for the surrender procedure in advance.

The policyholder should bring the policy, ID card, and bank card to the insurance company's customer service center to handle the surrender.

Cooling-off period surrender:

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 surrenderPolicies 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 insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application.

What should I do if I can't contact the address of Tianan**?

Hello! I purchased your company's insurance on my mobile phone, and I deducted more than 200 points per month, and I want to trouble your company to stop my insurance.

For those who want to surrender the policy, the first thing that comes to mind is how much money can be refunded, and can it be refunded a little more? This guide can help you:How to surrender insurance, how much can be refunded, and how to reduce surrender losses? 》

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

There will be a hesitation period after the policy takes effect, if the policy is surrendered during the hesitation period, the premium can be fully refunded, and only a little bit of the cost will be deducted, and the hesitation period is generally calculated from the receipt of the contract, generally speaking, it is 10-15 days, and the contract will be clearly written.

2.It is signed

Due to the irregular operation of some salesmen, the signature of the insurance contract is not the signature of the person, in this case, you can apply for a full refund.

3.There is evidence

If the person violates the rules or deceives the consumer, if there is evidence, you can also apply for a full refund in this case.

(2) Refund of cash value

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

The cash value of the policy can be calculated by just looking at the contract provisions or asking the customer service of the insurance company, and the following formula can be used:

(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 that the fixed insurance money will be given to the customer, and the other part of the insurance money will be different due to the different operating conditions of the insurance company, which is uncertain and is called a dividend. I don't understand this popular science:

"Demystifying the Mystery of Dividend Insurance".

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