Is the participating insurance I bought risky and can I surrender it at any time?

Xueba talks about insurance, focusing on insurance evaluation! I spent a week compiling a comparison table of 35 participating insurances and 101 popular critical illness insurancesA list of 35 participating insurances and 101 major critical illness insurances, to friends who know this article.

Participating insurance refers to a life insurance product in which the insurance company distributes its actual experience results to policyholders according to a certain proportion of the surplus assumed by pricing, and one insurance policy has both protection and dividends.

Participating insurance is very popular in the market because it has both protection and financial management functions, but many friends tell me that "I bought dividend insurance and now regret it", because the dividend income is completely out of line with expectations.

First, there is uncertainty about how much policy dividends can be distributed.

Second, the dividend pool is not transparent.

These two characteristics of dividend insurance make the real income of dividend insurance an unknown, and it makes the dividend insurance frequently complained by everyone, the reasons I have sorted out in this article, if you are interested, you can click to viewWhy is participating insurance a "high-incidence area" for insurance?

At the end of the day, participating insurance is not suitable for everyone, so it is recommended that you do not blindly insure!

That's all for me"Is the participating insurance I bought risky and can I surrender it at any time?"All, look!

Participating insurance is mostly life insurance, and if this type of insurance is supplemented with critical illness insurance, its coverage amount is lower.

It can be retreated at any time, but the loss is great.

It is recommended to consult with a professional around you.

Can I get a refund for the deposit insurance I bought (50,000 yuan per year for 5 years)? (The hesitation period has passed) whether the refund is worth a lot of money.

Hello! The participating insurance you purchased has not expired, and if you have not received the insurance benefits, then you can surrender the policy. If the policy is surrendered during the hesitation period, the loss is not large, and the insurance company will only deduct the cost of about 10 yuan, and then refund the premium paid; When the policy is surrendered after the cooling-off period, the insurance company refunds the cash value, which is usually less than the premium paid, and sometimes even loses more than half of the principal, which is a large loss.

The cooling-off period is within 10 days from the date of receipt of the insurance contract, and the insurance company will refund the full amount of insurance premiums collected under normal circumstances. If the insurance company does not accept the customer's request to surrender the policy in full, then only the cash value of the policy will be refunded.

The cash value of the policy is the value of a life insurance contract with a savings nature, and when the policyholder terminates the insurance contract, it is the policyholder who can get back the premiums and interest accumulated before the policyholder, after deducting various costs.

Insurance experts point out that for the surrender of participating insurance, the customer only gets the cash value of the policy and also bears the surrender fee. According to the provisions of the Insurance Law, if the premium has been paid in full for more than 2 years, the cash value of the policy will be refunded; If the premium for 2 years has not been paid in full, the handling fee will be deducted for surrender. It's a match.

There are two purchase channels for participating insurance, bancassurance and individual insurance, which are slightly different in terms of surrender losses. At present, the bancassurance participating insurance in the market is generally 5 years or 10 years, and the cash value during the surrender period may be much lower than the premium, not only there is no dividend, interest, etc., but also may have to bear the surrender fee.

Individual insurance and participating insurance face the same problem, due to the different payment methods, the loss of surrender fee may not be as high as that of bancassurance. However, since the cash value increases year by year, the earlier the surrender time, the greater the surrender loss. Experts pointed out that part of the participating insurance premiums sold through individual insurance channels is pure premiums, which are used to bear the responsibility of insurance payment, that is, the payment of death, injury, maturity survival, annuity and other benefits agreed in the contract, and the other part is used to pay additional expenses such as management fees and commissions.

Half of the premiums collected by the insurance sales department in the first two years are used to cover surcharges, which is why insurance surrender will lose premiums. Therefore, insurance experts point out that consumers should rationally look at the surrender of participating insurance, after all, the surrender is a problem of high cost.

Whether it is a savings type of insurance or a dividend type of insurance, do not be impatient when handling insurance business, you should choose insurance according to your own situation, if you are not very aware of the insurance situation or are not very sure of the income, you can consider short-term insurance, especially for dividend insurance, due to the different benefits of many insurance products, without understanding the specific benefits and risks, you can choose to insure according to the situation, so as to avoid insurance because of mistakes, As a result, the final surrender of the policy is something that the policyholder or the insurance company does not want to see.

First, participating insurance generally does not return the principal.

Second, the benefits of participating insurance are returned in the form of fixed returns, dividend distributions, etc., and at maturity, the total income you receive will exceed the principal you have invested (it is certainly not a matter if you are too old to be insured).

Third, I don't know if what you mean by "principal" or whether the investment does not lose money, especially the "return of capital".

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Participating insurance is surrenderable.

If the policyholder requests to terminate the contract, he must first fill in the application form for termination of the contract, and submit the insurance contract and the identity certificate of the policyholder to the insurance company, and then the insurance company will handle the surrender.

If the policyholder receives the cancellation application within 10 days of signing the insurance policy, the insurance company must refund the entire premium within one month of receiving the cancellation application.

After deducting the premiums that should be charged by the insurer during the effective period of the insurance, the car insurance can be surrendered, but it must meet the conditions for the surrender of the car insurance stipulated by the insurance company. Secondly, the car has not been reported or claimed to the insurance company.

Among them, the surrender of compulsory liability insurance needs to meet these conditions:

1. The insured vehicle has been cancelled from registration in accordance with the law;

2. Handle the suspension of driving;

3. It has been confirmed by the public security organ that it has been lost;

4. The owner repeatedly insures compulsory traffic insurance;

5. The vehicle is resold, transferred, or given to a place other than the location where the license plate is located;

6. If the new car is withdrawn by the seller due to quality problems or the relevant technical parameters do not meet the national regulations, the traffic management department will not be allowed to go to the household.

And generally to surrender the compulsory insurance, the first thing to look at is the effective date of the compulsory insurance on the policy, if the policy has not yet taken effect, you can surrender the policy. If the compulsory traffic insurance has been in effect, according to the Regulations on Motor Vehicle Traffic Accident Liability Insurance, if the conditions for surrender are not met, the policy will not be surrendered. After applying for surrender, the insurance company calculates the surrenderable premium by using the actual premium paid at the time of insurance application, minus the premium that the insurance company should charge during the effective time of the insurance, and the balance is refunded to the car owner.

The specific process of surrendering a car insurance is as follows: the owner submits a surrender application to the insurance company, stating the reason for surrender and when the surrender will begin. After review, the insurance company will issue a surrender endorsement indicating the surrender time and the surrender amount, and the policy will be withdrawn.

After that, the car owner can go to the insurance company to collect the refundable premium with the surrender endorsement and ID card. I hope the subject and netizens are grateful.

Insurance companies make profits with dividends, and "Participating Insurance" is the magic weapon for insurance companies to make money, so that you will be deceived unconsciously! The insurance company's "Critical Illness Insurance" is life-saving, because if you get the same illness as the insurance contract, this person will be a dead end. You have to understand that it is insurance that calculates you, not you who calculates insurance!

Insurance is, you consume, the insurance company serves you, he earns your money, not gives you money, you can't get the original intention of insurance wrong, and if you make a mistake, you will be deceived! Insurance, except for accident insurance, other types of insurance are fooling people. People who have bought life insurance have been fooled, because you can't withdraw money at any time, and once you withdraw the money, you will lose a lot until you die, and the disease you still have when you die must be the same as the disease in the insurance contract, word for word, in order to get a claim, otherwise you will not be claimed.

When a child is born, he talks about death insurance, which is a curse to die quickly! Insurance only talks about cash value, not principal and dividends. If the insurance has a contract liability, he will have a cash value and dividends, and if the contract liability does not occur, he only talks about the cash value, and the cash value insurance contract has a cash value table on it, how many years is how much it is, you will understand it when you read it.

That money is far less than the principal, whether it is withdrawing money, surrendering, or the so-called conversion pension, it all depends on the cash value. The insurance salesman didn't explain the cash value of the policy to you, and the customer didn't buy it after reading it, so they fooled you into taking the money after paying the premium. Insurance is a loss for several years, but in fact, even if you get the principal for a few years, you will lose a lot of money due to the currency depreciation of your principal.

The insurance company holds a meeting every day, and the so-called morning meeting of the insurance company is to talk about some ways to fool people! That is, how much this dividend has been for decades, and how much has been for decades, hey, as soon as you look at a lot of numbers, you will be red-eyed. In fact, it is very simple to understand insurance, that is, when the insurance is out of danger, look at your "protection", and look at the "cash value" of your policy without insurance, no matter how many years it is, it is to read the "cash value", because life insurance is a whole life insurance, and if you withdraw money at the end of your life, then you will see the surrender (that is, the cash value given to you), so if you understand these two numbers, you will not be fooled by selling insurance, and the dazzling numbers he said will not fool you into being deceived.

Finally, you must remember that the so-called "insurance" is used to resist risks, not to manage money, let alone use insurance to make money. If you want to manage your money to make money or if you want to resist currency depreciation, you can do ** and treasury bonds (not a very good choice). Therefore, participating insurance is to defraud customers of their money in the name of insurance.

The losses will not be significant.

Generally speaking, there will be a certain loss in the middle of the surrender of participating insurance, because the dividend deduction and re-insurance of this type of insurance will make the insurance company bear the loss, but the exact amount of loss will vary according to different insurance companies.

Participating insurance is:

Participating insurance is an insurance product in which the insurance company pays a certain percentage of dividends to the policyholder on a continuous or frequent basis after the policyholder pays the premium, and gives insurance compensation. This type of insurance policyholder can enjoy dividends other than the premium, which can be said to be the policyholder can participate in the profit sharing of the insurance company.

Participating insurance has the following characteristics:

1. Flexibility: Compared with traditional insurance products, the terms of participating insurance are more flexible, and customers can flexibly choose and customize insurance plans according to their own needs and actual conditions.

2. Stability: Participating insurance effectively diversifies investment risks, greatly reduces the possibility of investment failure, and can ensure the stability and safety of investment returns.

3. Investment: Dividend insurance not only provides protection, but also provides investors with an investment method, according to the investor's risk appetite to choose a portfolio of different risk levels, so as to obtain sustainable investment returns.

4. Flexible policy: Participating insurance policyholders can adjust the amount of insurance premiums according to their actual situation and needs to obtain the most suitable protection.

In addition, the wealth management income of participating insurance can also be reconfigured to meet the financial goals of investors.

Within 10 or 15 days after signing the policy, which is what we often call the cooling-off period, you can apply for a surrender of the policy, and the premium can also be fully withdrawn. If you apply for surrender after the cooling-off period, there is no procedural obstacle, but the policyholder will suffer a certain amount of financial loss.

Surrender Essentials: The policyholder needs to bring the original identity certificate, the original policy and the original payment voucher of the last installment to the "preservation" window of the insurance company's business hall in person.

If there is really difficulty, the policyholder can entrust another person in writing to handle the application, and the agent will bring the original identity certificate of the policyholder, the original identity certificate of the agent, the original policy and the original payment voucher of the last installment to the insurance company for processing.

If the participating insurance is to be surrendered halfway, the cooling-off period has passed and the policy cannot be surrendered in full, and the insurance company will only refund the cash value and dividends of the policy. The cash value of the policy is related to the number of years of premium paid, and the amount will certainly not be the same as the principal, but generally less than the principal. The dividends need to be calculated depending on the specific product of the insurance purchased.

If you buy a participating insurance such as Disturbance Whole Life Insurance, you may lose about half of the premium if you surrender the policy in the middle of the policy.

The dividends of participating insurance are mainly divided into three types: the difference in death, the difference in interest and the difference in fees, and the distribution method of dividends is mainly divided into the cash dividend method and the increase Huai Li Shen dividend method, and the different distribution methods also affect the share of policy assets, the lead loss of liability reserves and the cash flow of life insurance companies. Therefore, when buying insurance, you should understand how your insurance is divided.

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