When the insurance is halfway over, and now there is no money to pay the insurance, can I surrender

People who want to surrender the insurance, the first thing that comes to mind is, how much money can be refunded, and is there a way to refund more? Here's a guide:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

How much money can be refunded when surrendered, there are several situations:

(1) Full surrender

Usually these can be fully surrendered:

1.Surrender during the cooling-off period

There is a hesitation period for buying insurance, if you surrender the insurance during the hesitation period, the premium can be fully refunded, and the cost of about 10 yuan will be charged.

2.It is signed

If some salesmen do not operate properly, and the signature of the insurance contract is not his/her own, you can apply for a full refund in this case.

3.There is evidence

If it can be proved that the person violated the operation or deceived the consumer, then the full amount of the surrender can also be refunded.

(2) Refund of cash value

If the policy is surrendered beyond the hesitation period, only the cash value can be refunded, and the cash value of life insurance in the nature of savings is available, such as whole life insurance, term life insurance with a term of more than one year, endowment insurance, long-term consumption critical illness insurance, savings critical illness insurance, endowment insurance, universal insurance and participating insurance. One-year medical insurance, accident insurance, etc., generally have no cash value.

If you want to know the cash value of the policy, you can call ** to the insurance company's customer service or read the contract, and its calculation method is generally like this:

(3) Return of cash value + dividends

The cash value has been mentioned above, and here we will talk about dividends. Generally, it will be divided into two parts, one part is the fixed insurance money to be given to the customer, and the other part is the insurance money that depends on the company's operation, which is not fixed and called dividends. The detailed explanation is here:

"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? 》Hope!

The employer's approach is wrong, as long as you and the employer have not terminated the labor contract, and the employer is still there, the employer is obliged to pay you. If it is confirmed that the employer has not paid for a long time, you can go to the local social security department to complain.

If you don't want to pay the insurance you bought, you can get it back. Generally speaking, the insurance can be surrendered at any time, if it is a hesitation period surrender, that is, 10 days or 15 days after receiving the insurance contract, the insurance company will also remind consumers that the premium paid can be refunded during the hesitation period (some insurance products need to deduct the cost of production), if the policy is surrendered after the hesitation period, the cash value of the policy can only be refunded.

However, if it is a one-year insurance product, the remaining premium will be refunded after deducting the premium for the number of days covered.

The policyholder may request to terminate this contract after the contract is concluded. The following documents need to be prepared for surrender of life insurance:

Application for termination of contract;

insurance contracts; Proof of the policyholder's legal identity.

There are two types of 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 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 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.

Extended Information: Excluding deductible classification and exclusion of liability.

There are two types of deductibles: basic insurance without deductible and additional insurance without deductible

1) The basic insurance does not include the special clause of the deductible odds.

Upon special agreement, after the occurrence of an insured event, the insured shall be determined by the insured in accordance with the accident liability waiver odds of commercial third-party liability insurance, vehicle loss insurance or vehicle occupancy liability insurance that the policyholder chooses to insure, or according to the absolute waiver of the whole vehicle theft insurance.

The insurer is responsible for the part of the deductible that is borne by itself.

The special liability of each type of basic insurance without deductible exists independently of each other, and the policyholder can choose to apply for insurance separately and apply different rates.

Exclusion of Liability.

The insurer is not responsible for compensation for the following amounts:

1. The deductible amount increased due to the violation of the relevant provisions of laws and regulations on the loading of motor vehicles;

2. The deductible amount increased because the actual driving area of the insured vehicle exceeds the agreed scope of the insurance policy;

3. The deductible amount increased due to the designated driver at the time of insurance application but the non-designated driver driving the insured vehicle at the time of the insured accident, and the increased deductible amount due to the untrue information of the designated driver provided;

4. The amount of deductible increased due to the fact that the third party should be responsible for compensation but the third party cannot be found;

5. If the insured vehicle is stolen, robbed or snatched, the deductible amount will be increased because the insured cannot provide the motor vehicle registration certificate, motor vehicle driving license, vehicle purchase invoice and other proof of the origin of the motor vehicle, the vehicle acquisition tax payment certificate or the tax exemption certificate; The deductible due to the loss of the original set of car keys due to the theft of the entire insured vehicle;

6. The deductible amount that shall be borne by the insured according to the absolute deductible of the special clause of the multiple accident deductible clause.

Generally, it can be returned. But! There are certain procedures and processes for surrender, and there are certain losses, and it is difficult to reduce the surrender loss, and the loss is even greater if the surrender is wrong.

Yes, the policy can be surrendered at any time. However, there is a loss in surrendering, so you can weigh it yourself and then decide.

You take a look at the terms of the insurance policy you pay, whether it can be interrupted, whether it can be refunded after the interruption, in the insurance regulations, but most of them don't seem to be refundable, you see whether the kind you buy is ** or medical or something.

If you don't want to pay half of the insurance, it is impossible to give you a refund for social security, but for commercial insurance, even if you are refunded, you can't get back much money.

Generally speaking, the surrender of the policy will cause a certain loss of up to 80%, but there are two situations in which there is generally no loss

1.Cooling-off period: Usually there will be a cooling-off period after buying insurance, which lasts about 10 to 15 days, and if you surrender the policy within this period, you can get a full refund of the premium;

2.Misleading sales: If the salesman misleads when buying insurance, and the signature of the insurance contract is signed by someone else instead of himself, it is very likely that he will want to return the entire sum insured.

If you can buy it, you can return it.

It's just up to you to weigh the surrender loss.

If the insurance is not surrendered and the money is not paid, the policy will enter the suspension period, and the insurance company will not bear any responsibility. Many people regret the insurance after buying it, and directly put the insurance they bought aside, without paying the fee or surrendering the policy. In fact, this will not lead to any serious consequences, but you need to bear a certain amount of losses.

When the policy reaches the premium payment period, if the policyholder does not pay the premium on time, then the policy will enter the first stage grace period. The grace period is generally 60 days, during which the insurance liability is still in force, and in the event of an accident, the insurance company will pay the normal compensation, and if the premium is paid during this period, there will be no impact on the policy, and there is no need to pay additional interest. If the 60-day grace period is exceeded and the policyholder still does not renew the policy, the policy will lapse and the policy will enter the suspension period.

The duration of the suspension period is generally 61 days to two years after the unpaid contributions, and after the termination period begins, the insurance contract officially expires, and the insurance company will not bear any responsibility for the accident of the policyholder. If you want to reinstate the insurance, you need to pay the unpaid premiums, which will require you to pay an additional amount of interest. Then apply to the insurance company for reinstatement, but not every insurance can be reinstated, if the insurance company believes that the insured person's physical condition is problematic, it may refuse to reinstate the insurance, in which case the insurance is completely terminated.

If the policyholder has not paid the premium after two years, the insurance will be completely terminated, and even if the application for reinstatement is not accepted by the insurance company, the only option is to surrender the policy. It doesn't matter if you don't go through the surrender business, after all, the premium you pay is still in the hands of the insurance company, and if you don't surrender the policy, it will cause greater losses, and the surrender is to refund the cash value of the policy, and you will still bear part of the loss. Therefore, if you want to refund part of the premium, go to the insurance company as soon as possible to handle the business, if you do not go to the business, the previous premium will not be refunded, and the rest will not have any impact.

Test your anti-risk index, experts will interpret it for you for free!

There are generally two types of insurance surrenders:

1. Surrender during the cooling-off period:

If the purchased product is still within the cooling-off period, there is almost no loss in surrendering at this time. Regarding the hesitation period, the hesitation period is generally calculated only after the contract receipt is signed, usually more than ten days, and it will be written in the contract. Because most insurance policies have a stipulation:

If the policy is surrendered during the hesitation period, the general insurance company will only deduct the contract cost of 10 yuan or directly do not deduct the fee, unconditionally terminate the contract and refund the entire premium, which is subject to the actual regulations of the insurance company.

2. Surrender after the cooling-off period:

After the cooling-off period, only the cash value will be refunded. The cash value is the amount of money that can be returned in the event of termination or surrender of the guarantee. Because surrendering the policy after the hesitation period is an illegal termination of the contract, you need to bear a certain amount of breach of contract losses.

The difference between the premium paid and the cash value is the surrender loss.

If you finally choose to surrender the policy, you can take the following tricks to achieve full surrender: If you can prove that the other party has "deceived" or "seriously misled sales" at the time of entering into the insurance contract, causing you to enter into the insurance contract contrary to your true intentions, you can claim to cancel the contract, and the insurance company shall compensate you in full and compensate for the corresponding losses.

Expand your understanding: the surrender process

Step 1: Submit a surrender form to the insurance company.

The applicant needs to write an application letter stating the reason for wanting to surrender the policy and when the policy will be surrendered, which should be signed or stamped by the applicant and handed over to the business management department of the insurance company.

Step 2: The management department of the insurance company's business will issue a surrender approval form.

The business department of the insurance company issues a surrender approval form based on the surrender application, which states the surrender time and the amount of the premium to be refunded, and at the same time collects the applicant's insurance policy.

Step 3: Go to the financial department of the insurance company to collect the refundable insurance premium.

The applicant should go to the financial department of the insurance company to collect the refundable insurance premium with the surrender approval form and his or her valid identity certificate.

Full refunds are not possible, and the loss is significant.

1. According to China's "Insurance Law".

Stipulation: If the policyholder terminates the contract and has paid the insurance premium for more than 2 years, the insurer shall return the insurance policy within 30 days from the date of the notice of termination.

cash value; If the insurance premium is not paid in full for 2 years, the insurer shall refund the insurance premium after deducting the handling fee in accordance with the contract.

2. In practice, when the policyholder surrenders the policy, the insurance company will refund a sum of cash according to the cash value table. However, in the first two years of purchasing an insurance policy, the insurance company underwrites, makes the policy, settles the handling fee, employee wages and other insurance expenses are larger.

Please consult the insurance company for the specific amount of refund.

Legal Analysis: The amount that can be refunded after the insurance is paid is the cash value, and the specific amount of refund depends on the insurance you have bought. The "cooling-off period" refers to the policyholder's return to the insurer and the cancellation of the insurance contract within 10 days after receiving the insurance contract (15 days for the bancassurance channel) if the policyholder does not agree with the content of the insurance contract.

During this period, the insurer agrees to the policyholder's application, cancels the contract and refunds all the premiums collected. If it has been paid for a period of time, the surrender of the policy can only get the cash value of the policy, and the so-called cash value of the policy refers to the value of the life insurance policy with the nature of savings. Insurers usually set aside liability reserves for the performance of contractual obligations, and if you surrender the policy in the middle of the policy, the liability reserve of the policy will be used as a refund for the payment of termination.

The amount that should be reimbursed by the life insurance company when the insured requests to terminate or surrender the policy. Legal basis: Article 37 of the Insurance Law of the People's Republic of China If the validity of the contract is suspended in accordance with the provisions of Article 36 of this Law, the validity of the contract shall be restored after the insurer and the policyholder negotiate and reach an agreement, and the policyholder shall pay the insurance premium.

However, if the two parties fail to reach an agreement after two years from the date of suspension of the contract, the insurer has the right to terminate the contract.

If the insurer terminates the contract in accordance with the provisions of the preceding paragraph, it shall refund the cash value of the insurance policy in accordance with the contract.