How much is the loss of PICC Life Insurance Xinli Annuity Insurance Section B refund

It is not recommended to return it, the surrender loss is very large, the surrender loss ratio can refer to the fixed 5-year deposit, the interest of the loss is more than the interest due in the previous 5 years, such as saving 10,000, the annual interest of the 5-year period, that is, 550 a year, 5 years is 2750, you do not receive it in 5 years, the difference is due in one day, the current interest rate is, 35 yuan per year, 5 years is 175 yuan, the loss rate is (2750-175) 2750 = 93%, that is, the loss is 39%, Of course, there may be such a big loss in the first three years of insurance, and the loss in the back is smaller, but it is also very large, think more about it, after all, protection is the key.

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 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.

In the insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill the contractual obligations, 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 liability reserve minus the deduction of the cancellation to the insured according to the regulations, and this part of the amount is the cash value of the policy.

Hello, the surrender loss is relatively large, as for the loss you can look at the cash value table on your insurance policy, or you can also call ** ask the relevant customer service staff of your insurance company, under normal circumstances, it is not recommended to surrender the policy, I hope it can help you!

Look at the cash value page on the contract, which is the cash value of the contract when you plan to surrender the policy at the end of a certain year, that is, how much money can be refunded.

It is advisable to consult PICC directly.

Hello, PICC Life Insurance Xinli Annuity Insurance Section B is as follows.

Product features: Received at maturity, income appreciation.

Annuity payment, stable return.

Long-term and short-term, guaranteed benefits.

Product Introduction:Product Description:

Product category: wealth management insurance.

Product features: Maturity collection, income appreciation; Annuity payment, stable return. Long-term and short-term, guaranteed benefits.

Investment Description: PICC Life Insurance Xinli Annuity Insurance (Section B) is a fixed-income product launched by PICC Life Insurance after the marketization of life insurance rates (full two years, annualized income, and annuity will be received every year after three years of insurance, which not only guarantees the long-term income of customers, but also takes into account short-term interests.

Notice: Coverage period: 10 years.

Payment method: one-time payment.

Issue age: 18 to 70 years old.

Insurance liability: Annuity: From the third policy anniversary, we pay an annuity at the rate of 1% of the premium paid on each policy anniversary of the insured's survival.

Maturity Premium: If the insured survives at the expiration of the insurance period, we will pay the maturity insurance benefit according to the basic insurance amount, and this contract will be terminated.

Death Benefit: In the event of the death of the Insured, we will pay the Death Benefit according to the greater of the premium paid (excluding interest) and the cash value, and this contract will be terminated.

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Summary. Chinese Shou Xinyu Exclusive Annuity Insurance paid 30,000 yuan a year, and the surrender policy can be refunded about 4,200 yuan. Chinese Life Insurance pays a total of about 30,000 yuan a year and can be refunded:

Generally, the cash value can only be returned if you pay 30,000 yuan, the cash value is about 4,200 yuan, and the specific amount is still calculated according to the terms of the contract.

Chinese Shou Xinyu Exclusive Annuity Insurance paid 30,000 a year, how much can be refunded when surrendered.

Good. Chinese Shou Xinyu Exclusive Annuity Insurance paid 30,000 yuan a year, and the surrender policy can be refunded about 4,200 yuan. Chinese Life Insurance pays a total of about 30,000 yuan a year and can be refunded:

Generally, the cash value can only be returned if you pay 30,000 yuan, the cash value is about 4,200 yuan, and the specific amount is still calculated according to the terms of the contract.

What are the disadvantages of surrender: 1. Lack of protection, any risk that occurs after surrender, the insurance company will naturally not be responsible. When applying for new products, there will be a waiting period (long-term insurance is generally 90-180 days), and the insurance company will not pay for the insurance during the waiting period.

2. The premium increases, and most of the insurance premiums are linked to the age of the insured. The older you get, the more likely you are to get sick, and the risk taken on by the insurance company is higher, so as the insurer ages, the premiums of many insurance plans will also increase. 3. Some life insurance or critical illness insurance will require the insured to be in good health and not exceed the specified age, and pass the physical examination before underwriting.