Will Huixinbao annuity insurance lose the principal if it is surrendered during the cooling off peri

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.

Surrender means that when the insurance contract is not fully performed, the insurer shall apply to the insured and the insurer agrees to terminate the legal relationship determined by the contract between the two parties, and the insurer shall return the cash value of the insurance policy in accordance with the Insurance Law of the People's Republic of China and the contract.

Surrender can be divided into hesitation period surrender and normal surrender.

Surrender during the cooling-off period.

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 surrender. Policies 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 life insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application. The cash value of a policy is the amount of money that can be returned in the event of termination or surrender of the life insurance contract.

There is no loss of principal when the policy is surrendered during the cooling-off period. But you have to bear part of the cost, about 10 yuan!

Summary. Huixinbao annuity insurance is an insurance product, and whether there is a loss in the tenth year depends on the specific product terms and the regulations of the insurance company. Generally speaking, if the insurance period agreed in the policy is not reached at the time of surrender, or the insurance premium payment period required for the performance of insurance responsibilities is not reached, certain losses may occur, such as the reduction of the insured amount and the deduction of handling fees.

If the policy has reached the insurance period agreed in the policy at the time of surrender, there will generally be no loss. It is recommended that you carefully read the terms and conditions of the product before purchasing this product to understand the insurance liability, insurance period, surrender regulations and other relevant content to avoid surrender losses. In addition, if you have any questions about this product, you can consult your insurance company or seek help from a professional insurance advisor.

Huixinbao annuity insurance is an insurance product, and whether there is a loss in the tenth year depends on the specific product terms and the insurance company's unchanged regulations. Generally speaking, if the insurance period agreed in the policy is not reached at the time of surrender, or the insurance premium payment period required for the performance of insurance responsibilities is not reached, certain losses may occur, such as the reduction of the insured amount and the deduction of handling fees. If the policy has reached the insurance period agreed in the policy at the time of surrender, there will generally be no loss.

It is recommended that you read the terms and conditions of the product carefully before purchasing the product, and understand the insurance liability, insurance period, surrender regulations and other relevant content to avoid surrender losses. In addition, if you have any questions about this product, you can consult your insurance company or seek help from a professional insurance advisor.

Can you add, I don't quite understand it.

Huixinbao annuity insurance is an insurance product, and whether there is a loss in the tenth year depends on the specific product terms and the insurance company's unchanged regulations. Generally speaking, if the insurance period agreed in the policy is not reached at the time of surrender, or the insurance premium payment period required for the performance of insurance responsibilities is not reached, certain losses may occur, such as the reduction of the insured amount and the deduction of handling fees. If the policy has reached the insurance period agreed in the policy at the time of surrender, there will generally be no loss.

It is recommended that you read the terms and conditions of the product carefully before purchasing the product, and understand the insurance liability, insurance period, surrender regulations and other relevant content to avoid surrender losses. In addition, if you have any questions about this product, you can consult your insurance company or seek help from a professional insurance advisor.

Whether there is a loss in the refund of PICC Life Insurance Xinli Annuity Insurance depends on the surrender time. Surrender can be divided into hesitation period surrender and normal surrender. Surrender during the hesitation period: Surrender during the hesitation period, which refers to the surrender of the policyholder during the hesitation 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. Surrender beyond the cooling-off period is considered as normal surrender.

Policies 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 life insurance company shall refund the cash value of the policy within 30 days from the date of receipt of the application. The cash value of the policy refers to the amount of money that can be returned in the life insurance contract upon termination or surrender.

In the insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill the contractual responsibility, and when the insured requests to terminate or surrender the policy for any reason within the validity period of the insurance, the insurance company will return the balance of the deposit of the liability reserve minus the cancellation deduction to the insured according to the regulations, and this part of the amount is the cash value of the policy.

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