Can Great Wall Life surrender the policy, is there Great Wall Life Insurance

Whether you have purchased the insurance of Great Wall Life or the insurance of other insurance companies, you can surrender the policy freely.

However, before surrendering the policy, you should pay attention to the timing of this surrender.

If you surrender the policy during the cooling-off period, you can get back the premium paid without any damage, but if you want to surrender the policy after the cooling-off period, you can only withdraw the cash value at that time.

However, the cash value of the upfront policy is generally lower than the premium paid, and there will be a certain loss if the policy is surrendered.

Therefore, everyone must surrender the policy carefully.

If you buy Great Wall Life insurance, you can surrender the policy, but surrendering the policy may cause losses, so you must consider whether to surrender the policy! In the process of surrendering the insurance, it involves some professional content, it is recommended that you first learn these insurance knowledge to facilitate understanding: before buying insurance, you must first figure out these key knowledge points!

1. Surrender the policy during the hesitation period.

Insurance generally has a hesitation period of 10 days to 15 days, depending on the terms, during the hesitation period, no matter what the reason, the policyholder can ask the insurance company to surrender at any time, generally only need to deduct the cost of work can get back the premium paid, so surrender during the hesitation period, the loss to us is the smallest.

2. Surrender the policy after the cooling-off period.

After the hesitation period, the loss of surrender may be relatively large, after the hesitation period, the surrender can generally only return the cash value, most of the insurance in the first few years, with a cash value is usually very small, at this time the surrender is often unable to get back all the premiums paid, may only get back two or three percent of the premium, so the loss is relatively large. But don't worry, there are ways to reduce surrender losses, and the senior sisters are all summarized in this, let's learn it quickly: How to refund insurance surrender, how much can surrender insurance, and how to reduce surrender losses?

In addition, the senior sister suggests that when buying insurance, don't just look at the insurance company, although the company of Great Wall Life is trustworthy, but its insurance products are not suitable for us to buy, we must analyze whether the protection content of the product is comprehensive, whether the claim conditions are difficult, what aspects are not insured, and so on. At the same time, compare the different products of different insurance companies, so that you can find a more suitable product for yourself and avoid the situation of wanting to surrender the policy in the future. Here is a senior sister to share with you an insurance strategy, which can help you buy the right insurance:

Insurance] Which is good, how to buy a good deal, teach you step by step.

There is an insurance company called Great Wall Life Insurance in China! Great Wall Life is regulated and operated by the China Banking and Insurance Regulatory Commission (CBIRC) and is a legal and reliable insurance company.

Next, the senior sister will introduce Great Wall Life from two aspects: background strength and solvency.

1.Background strength.

Great Wall Life Insurance is a national life insurance company founded in 2005, an important subsidiary of the State-owned Assets Supervision and Administration Commission of Xicheng District, Beijing, and a holding company in the financial sector of Beijing Financial Street Investment (Group).

Headquartered in Beijing, with a registered capital of 100 million yuan and total assets of more than 60 billion yuan, the company has set up 13 branches in Beijing, Shandong, Hebei, and other provinces and cities, with a total of more than 230 institutions, and has four holding subsidiaries including Great Wall Wealth Insurance Asset Management Co., Ltd. and Beijing Jinyi Insurance ******.

It can be seen that the scale of Great Wall Life is not small, and its strength cannot be underestimated.

2.Solvency.

Solvency data can reflect the ability of insurance companies to repay insurance premiums to a certain extent.

Relevant information shows that Great Wall Life's core solvency adequacy ratio in the second quarter of 2022 is a comprehensive solvency adequacy ratio, and the comprehensive risk rating results in the fourth quarter of 2021 and the first quarter of 2022 are Class A and BBB respectively. The three data are in line with the standards required by the China Banking and Insurance Regulatory Commission, which shows that Great Wall Life's ability to repay the insurance money is also good!

What is the strength of Great Wall Life? You would never guess.

Before buying insurance, you must first understand these key knowledge points!

Professional analysis: At present, the top of the examination is the central enterprises Chinese Life, Ping An, Pacific, Xinhua, Taikang, ranked first, Great Wall Life is lower, but no matter how small the company, as long as it is a life insurance company, the state is not allowed to go bankrupt, can only be acquired by other large companies - the best insurer Cheng Cheng.

Summary. 1. Is Great Wall Life Insurance ReliableGreat Wall Life Insurance is reliable. Great Wall Life Insurance Co., Ltd. is a national life insurance company founded in 2005 and a holding company in the financial sector of Beijing Financial Street Investment (Group) Co., Ltd.

The company's business scope includes: life insurance, health insurance, accident insurance and other types of life insurance business; reinsurance business of the above businesses; The use of insurance funds permitted by national laws and regulations; Other businesses approved by the China Insurance Regulatory Commission. Great Wall Life Insurance Shares**** have been filed with the China Banking and Insurance Regulatory Commission (CBIRC), and the purchase of Great Wall Life's Guaranteed Knowledge Insurance is legal and formal, and is protected by law.

2. Insurance CompanyInsurance Company refers to a corporate legal person established in accordance with the Insurance Law and the Company Law, which is an insurer in the form of a company organization and mainly engages in insurance business. The insurance company collects premiums, invests the capital obtained from the premiums in assets such as bonds, **, loans, etc., and uses the income from these assets to pay the insurance claims determined by the policy. The business of insurance companies is divided into two categories:

1. Life insurance business, including life insurance, health insurance, accident insurance and other insurance business. 2. Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business. Insurance companies in China are generally not allowed to engage in life insurance business and property insurance business at the same time.

Hello dear! Reliable.

1. Is Great Wall Life Insurance ReliableGreat Wall Life Insurance is reliable. Great Wall Life Insurance Co., Ltd. is a national life insurance company founded in 2005 and a holding company in the financial sector of Beijing Financial Street Investment (Group) Co., Ltd. The company's business scope includes:

life insurance, health insurance, accident insurance and other life insurance business; reinsurance business of the above businesses; The use of insurance funds permitted by national laws and regulations; Other businesses approved by the China Insurance Regulatory Commission. Great Wall Life Insurance Shares**** have been filed with the China Banking and Insurance Regulatory Commission (CBIRC), and the purchase of Great Wall Life's Guaranteed Knowledge Insurance is legal and formal, and is protected by law. 2. Insurance CompanyInsurance Company refers to a corporate legal person established in accordance with the Insurance Law and the Company Law, which is an insurer in the form of a company organization and mainly engages in insurance business.

The insurance company collects premiums, invests the capital obtained from the premiums in assets such as bonds, **, loans, etc., and uses the income from these assets to pay the insurance claims determined by the policy. The business of insurance companies is divided into two categories: 1. Life insurance business, including life insurance, health insurance, accident insurance and other insurance business.

2. Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business. Insurance companies in China are generally not allowed to engage in life insurance business and property insurance business at the same time.

Great Wall Life Insurance is reliable and trustworthy.

In 2017, with the tightening of regulations, the transformation of its business became more urgent. At that time, Great Wall Life put forward a new five-year strategic plan, hoping to optimize its business structure and focus on value-based protection business while taking into account large-scale business. In this context, Great Wall Life's original insurance premium income and policyholders' new investment payments both fell sharply that year, with 100 million yuan and 100 million yuan respectively.

Great Wall Life told the relevant ** that in terms of investment income, the bond market was in a bull market in 2018, and the company's trading fixed income exceeded expectations and achieved good investment returns. In order to ensure that the company will turn losses into profits in 2019, it will improve investment returns from three aspects: First, reduce the proportion of risk asset allocation and reduce the risk of investment performance fluctuations.

The second is to grasp the opportunities in the bond market and make good use of leverage to obtain absolute returns. The third is to increase the "ballast stone" asset allocation and improve the performance cushion.

Great Wall Life Insurance Co., Ltd. continues to promote a comprehensive performance appraisal system, improve the salary incentive system, build a dual-channel system for career development, establish a talent competition mechanism of "the capable go up, the mediocre go down", innovate and build a "2+2+N" training system, form a new situation of "wide training coverage, diverse training forms, and continuous innovation of training content", achieve the strategic goal of all-round, multi-level and wide-field talent training, and accelerate the construction of talent team. It has laid a solid talent foundation for the sustainable and healthy development of the company.

Winning a number of awards this time is the industry's full affirmation and encouragement of Great Wall Life's talent training system. Great Wall Life will take this opportunity to make persistent efforts to further improve the performance management system, innovate the talent training model, strengthen employee training and training, stimulate the vitality of talents, enhance the competitiveness of enterprise talents, and make positive contributions to the development and growth of the company and the healthy and stable development of the industry.

Great Wall Life Insurance is reliable, Great Wall Life Insurance is a regular insurance company that can be trusted.

Great Wall Life Insurance is a national life insurance company founded in 2005, invested by 19 shareholders involved in investment, finance, real estate, infrastructure construction and other important industries of the national economy, including Beijing Financial Street Investment (Group), China State Construction Group, and China Metallurgical Group, with a registered capital of more than 100 million yuan.

Since its establishment, Great Wall Life has been employing the Big Four international accounting firms as the auditors of the company's annual report, the internationally renowned consulting firms Watson Wyatt and Roland Berger for strategic planning consulting, and the world-renowned risk management company Marsh for risk management consulting. Adhering to its commitment to being responsible for its customers, Great Wall Life emphasizes sound operation and its solvency adequacy ratio is higher than the level required by regulators.

In terms of product development, Great Wall Life has always adhered to the protection essence of insurance products, based on the actual needs of customers, established a product system featuring "protection + service", and continuously innovated according to customer segments, developed a series of high-protection insurance products including maternal and child insurance, preferred term life insurance and universal health insurance, and specially developed and designed ten-finger insurance for the piano genius Lang Lang, highlighting the protection essence of insurance, and Great Wall Life Insurance has also become the first company in the same scale to develop insurance dividend products.

Great Wall Life Insurance Co., Ltd. is a national insurance company with lofty aspirations, with the goal of building the best service insurance brand, committed to providing customers with suitable insurance products and convenient services, and providing employees with a good working environment and growth space. The company is headquartered in Beijing Financial Street.

The main shareholders of Great Wall Insurance include Beijing Huarong Comprehensive Investment Company, Hong Kong Daxin Life Insurance, Beijing Financial Street Construction Group, Nanchang Municipal Public Investment Holding Co., Ltd. and Beijing Jianghe Curtain Wall Decoration Project.

With a prominent shareholder background, Great Wall Insurance is the only life insurance company with a SASAC background among the 22 companies approved in 2004, and it is also the only insurance company that introduced foreign capital at the beginning of its operation.

Our family has paid a life insurance for the Great Wall for eight years, and there are some things that the family has not had time to pay this year. It could have been possible for the insurance company to deduct the insurance money directly from the dividends. It didn't.

Drag it out until the end to go for a medical check-up. If there was a problem with the physical examination, he was denied insurance. But we've been doing it for eight years.

It's really impersonal!!

Reliable, the shareholder is Beijing Financial Street!

Or choose the insurance of a large brand company!

The insurance company has been taken over, what will happen to the insurance I bought?

The senior sister told everyone that the daily operation of Great Wall Life is supervised and managed by the China Banking and Insurance Regulatory Commission, and it is a legal and reliable insurance company!

I believe that many friends do not know much about Great Wall Life, so the senior sister will immediately introduce this insurance company to you.

Great Wall Life Insurance Co., Ltd. is a national life insurance company founded in 2005 and an important subsidiary of the State-owned Assets Supervision and Administration Commission of Xicheng District, Beijing.

Headquartered in Beijing, with a registered capital of 100 million yuan and total assets of more than 70 billion yuan, Great Wall Life Insurance has set up 13 branches in Beijing, Shandong, Hebei, Henan, Sichuan, Anhui, Hubei, Guangdong, Chongqing and other provinces and cities, with a total of more than 230 institutions, and has three holding subsidiaries including Great Wall Wealth Insurance Asset Management Co., Ltd.

From this information, it can be seen that the background strength of Great Wall Life is indeed good.

In addition, according to relevant information, Hui Zuliang, Great Wall Life's core solvency pre-tolerance adequacy ratio in the fourth quarter of 2022, comprehensive solvency adequacy ratio, and comprehensive regulatory risk rating (classified supervision) in the third quarter of 2022 were BB. It can be seen that several of Great Wall Life's latest solvency data meet the standards required by the CBIRC.

The latest solvency data is up to standard, which also reflects Great Wall Life's ability to repay insurance premiums to a certain extent.

On the whole, Great Wall Life is indeed a legal, compliant and reliable insurance company.

If you want to know more about Great Wall Life, you may wish to take a look at this article:

What is the strength of Great Wall Life? You would never guess.

When we look at insurance companies, what exactly do we look at? Hope.