I request to surrender the policy and get the premium refunded, how do I handle it?

If the insurance company no longer bears any insurance liability after the surrender of the policy, it is recommended that you consider it carefully. If the policy is surrendered during the hesitation period, a small amount of the cost of production will be deducted or no deduction will be directly deducted, which shall be subject to the actual regulations of the insurance company; After the cooling-off period, the unexpired net premium or cash value of the policy will generally be refunded, and the specific proportion will be determined on a case-by-case basis. At the end of the insurance contract, there is usually a cash value table corresponding to the end of each policy year, which you can take a look at.

General Surrender Process:

2. Explain the reason and time of surrender to the insurance company, and submit the surrender materials according to the requirements of the insurance company.

3. After the insurance company reviews the surrender application, it issues a surrender approval and withdraws the policy at the same time.

4. The surrenderer shall hold the surrender approval form and ID card and receive the refundable insurance premium through the designated channel.

Surrender needs to take the policyholder's ID card, bank card and contract to the company counter to apply for surrender, but the surrender is a refund of cash value, so the loss of interests is very large, surrender needs to be cautious.

You can surrender the policy, you take the policy, ID card, and go directly to the counter of your insurance company to handle it, but you have to bear part of the loss, and the insurance company will not refund you in full.

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Some friends feel that they don't need to buy insurance so seriously, so they buy it casually, but because they were too casual at the beginning, they were dissatisfied and wanted to surrender the insurance. Surrender is also a big deal, and it can't be casual anymore, what are the points that need to be carefully considered? Take a look at this article and you'll find out".How 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:About 10-15 days from the date of signing the contract is the hesitation period of insurance, and there is usually no loss if you choose to surrender the policy within this time period;

2.Sales misleading:If the insurance contract is signed under the misleading of the salesman, it is possible that the insurance contract will not be signed by the person himself, and the entire premium will be refunded.

In addition to these two cases, the loss of a part of the money is unavoidable, and we can only find ways to minimize the economic loss, 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.

The economic loss treated in this way is less than the economic loss of surrender, but this method is not common to all insurance, and whether the insurance can be handled in this way needs to be confirmed with the insurance company.

In addition,There are also several situations to pay attention to when surrendering the policy:

2.Health Status:If the body has been diagnosed with a disease that did not exist before, it may not be possible to pass the health notification of the new insurance, and surrender is not the first choice for this group of people.

3.Payment card balance:If the determination to surrender the policy will not waver, it is best to take out or transfer all the money in the bank card used to pay the insurance premium, so that there will not be a situation where you apply for a surrender but are deducted when the payment period comes.

1. If it is social security, then it is not possible to surrender the insurance, and since then, it is not possible to go through the surrender and cancellation procedures of social security and old-age insurance under non-extreme circumstances (the death of the insured, emigration overseas, etc.).

Based on this, it is recommended that you continue to participate in the insurance and pay for 15 years, and when you go to work in the enterprise, it will be transferred to your unit to continue to pay, and the payment time and personal account amount will be calculated cumulatively.

Even if it is finally converted to urban and rural residents' pension insurance and continue to pay (retirement age is 60 years old, the minimum payment period is 15 years, and the annual payment is about 100 thousands of yuan, which is freely chosen by the insured), and when it is 60 years old, it will receive a pension in accordance with the urban and rural residents' pension insurance policy. The medical insurance for urban and rural residents shall be paid annually every year, and the current year shall be the whole year of the following year.

2. If it is a commercial insurance, if the policy is surrendered at the age of the hesitation period, there will be a relatively large loss if the policy is surrendered after the hesitation period.

The information required for insurance surrender varies from insurance company to insurance company, but the surrender information is similar 1Application for cancellation of insurance contract 2The original valid ID card of the policyholder 3

Original Insurance Contract 4Proof of payment 5Bank card 6

Power of Attorney The surrender policy is constantly changing, and it is best to understand it before handling the surrender process.

I bought 360 insurance, deducted one yuan in the first month, and deducted 151 yuan in the next month, I don't want to buy it, I want to surrender the insurance, I paid all the information, and I can't return it.

This is how Xinhua Insurance Company surrenders the policy.

I want to surrender the policy, I just pressed the wrong button.

I have health insurance and don't need to buy it again.

I want to surrender the insurance, and my family has a problem, and there is no financial **.

Because there is not so much money to pay, it is necessary to surrender the policy.

I don't need such insurance, I'm going to get it back.

You can get a full refund, we're all like that here.

I want to surrender the insurance and I won't buy it, you guys are deceiving, and I will deduct money in my Alipay before I go through it.

It was the child who added my information to get the mobile phone, saying that he didn't want money, but he deducted me 2 times, and just deducted me 173, I don't want to buy insurance, I want to surrender the insurance.

I want to return the bag, and I don't know how to deduct more than 100 yuan from me.

How is this service attitude.

I'm just a poor family in a mountainous rural area, and my family still has old and young, and I don't have any salary, so I can't afford it, so I want to quit.

1. Surrender fee during the hesitation period: It is the policyholder who applies for a refund of the premium within the hesitation period stipulated in the contract signed by both parties. At this time, the insurance company needs to deduct a certain amount of work, and the entire insurance premium paid will be refunded without interest.

In accordance with the relevant regulations of the insurance regulatory authority, the policyholder shall return the insurance contract within 10 days from the date of acceptance and written receipt of the insurance contract;

2. Normal surrender fee: After a period of time, the policyholder can apply for cancellation and refund the premium, and the insurance company should return the cash value of the policy within one month from the date of receipt of the application.

1. If the insured wants to apply for a refund of premium, it is necessary to obtain the written consent of the policyholder, and the policyholder must explain who to receive the surrender money;

2. The surrenderer shall provide an application form for surrender of the premium at the time of surrender of the premium; Contract and last 1 payment receipt; The original ID card of the policyholder; Where another person is entrusted to handle the handling, the power of attorney and the client's original ID card shall be provided.

Note: If you want to surrender the insurance after buying commercial insurance, it is actually very cost-effective, so you must carefully choose the insurance that meets your needs before buying.