Is there a hesitant surrender charge for BOC Samsung Life Insurance?

After purchasing BOC Samsung Life Insurance, surrendering the policy during the hesitation period is generally free of charge, and BOC Samsung will refund the premium paid without interest, but some products may need to charge about 10 yuan for the production cost, and the specific rules can be seen how the product terms are stipulated.

If you plan to surrender the policy, you can first understand some details that need to be paid attention to before deciding whether to surrender the policy: What details should you pay attention to when surrendering the insurance?

First of all, if you buy BOC-Samsung Life Insurance and choose to surrender the policy within the cooling-off period, the insurance company will not charge additional surrender fees and will refund the premium paid by the policyholder without interest. It's just that some products may charge about 10 yuan for the production cost, depending on how the terms of the contract are stipulated. Regarding what to look at in the insurance contract, the senior sister is summarized in the following article, click to view:

Teach you to identify those pitfalls in the insurance contract!

Having said that, it is actually wisest to surrender the policy during the cooling-off period, as the cost of money and time to choose to surrender during this period is minimal. The insurance company will refund all the premiums paid by the policyholder without interest (some products may deduct about 10 yuan from the production cost), and the policyholder's economic loss is almost zero. If the policy is surrendered after the cooling-off period, the insurance company will only refund the cash value of the contract.

At this time, surrendering the policy may cause the policyholder to incur certain financial losses. Regarding the issue of surrender, Senior Sister has written a detailed strategy before, you can take a good look: How to return insurance surrender, how much can you surrender, and how to reduce surrender losses?

In addition, it should be noted that once the insurance company receives the insured's request for cancellation of the contract, the contract will be terminated. For insured events that occur before the termination of this contract, the insurance company will no longer bear the corresponding insurance liability. So.

Once the idea of surrendering the insurance comes to mind, you must look for new products as soon as possible to avoid facing a situation without protection. There is an insurance guide below, which is recommended for everyone to collect: [Insurance] which is good, how to buy a good deal, and teach you to avoid these pitfalls of insurance.

There is no charge for surrender during the hesitation period, only 10 yuan of production cost.

There is no handling fee for surrender of the policy.

Hello, dear, BOC Samsung Life Insurance is safe for 5 years, because BOC Samsung Life is a national life insurance company under Bank of China, Bank of China was established in February 1912, is the only bank in China that has been in continuous operation for more than 100 years, and is also the bank with the highest degree of globalization and integration in China, and is the only "Double Olympic Bank" in the world, with strong shareholders, with more than 10,000 branches in 56 countries and regions around the world, which is worthy of recognition. Headquartered in Beijing, with a registered capital of RMB 100 million, the company's comprehensive strength is obvious to all, including Bank of China, Samsung Life Insurance Co., Ltd. and China Aviation Group Corporation. BOC-Samsung Life Insurance is mainly engaged in life insurance, annuity insurance, health insurance and accident insurance, and provides insurance services such as family protection, wealth management, children's education, pension planning and corporate employee benefits for various users.

The business area covers Beijing, Tianjin, Sichuan, Guangdong, Jiangsu, Qingdao, Zhejiang, Henan, Shandong, Shaanxi and other places. The types of insurance and the coverage area are relatively extensive. As of the end of the third quarter of 2020, BOC-Samsung Insurance's core solvency adequacy ratio and comprehensive solvency adequacy ratio were higher than the regulatory level.

In the second quarter of 2020, the comprehensive risk rating (classified supervision) evaluation result was b, and in the first quarter of 2020, the comprehensive risk rating (classified supervision) evaluation result was b. The latest composite risk rating is B, with a stable outlook. [I hope it helps].

Summary. 1. Cooling-off period for full surrender: The cooling-off period is also called "cooling-off period", which is set by the insurance company in order to prevent the policyholder from impulsively spending, generally within 10-15 days, depending on the insurance contract.

During this period, the application for surrender can be fully surrendered, and some insurance companies may charge about 10 yuan for the production cost.

2. Surrender after the hesitation period of normal surrender: Applying for surrender after the hesitation period is what we often call normal surrender, and under normal circumstances, the insurance company will refund the cash value of the policy within 30 days from the date of receipt of the surrender application.

Can BOC-Samsung Life be refunded?

Hello, glad to answer for you.

OK. 1. Cooling-off period for full surrender: The closing period is also called the "cooling-off period", which is set by the insurance company in order to prevent the policyholder from impulsively spending, generally within 10-15 days, depending on the insurance contract.

During this period, the application for surrender can be fully surrendered, and some insurance companies may charge about 10 yuan for the production cost. 2. Surrender after the hesitation period of normal surrender: Applying for surrender after the hesitation period is what we often call the normal surrender of the policy, and under normal circumstances, the insurance company will refund the cash value of the policy within 30 days from the date of receipt of the surrender application.

Summary. Bank of China Insurance (hereinafter referred to as "BOC Insurance") is a national property insurance company approved by the China Insurance Regulatory Commission, the company was established on January 5, 2005, headquartered in Beijing. The company is mainly engaged in property damage insurance; Liability insurance; credit insurance and guarantee insurance; short-term health insurance and accident insurance; reinsurance business for the above businesses; The use of insurance funds permitted by national laws and regulations; Other businesses approved by the China Insurance Regulatory Commission.

Bank of China Insurance (hereinafter referred to as "BOC Insurance") is a national property insurance company approved by the China Insurance Regulatory Commission, the company was established on January 5, 2005, headquartered in Beijing. The company is mainly engaged in property damage insurance; Liability insurance; credit insurance and guarantee insurance; Zina Short-Term Health Insurance and Accident Insurance; reinsurance business for the above businesses; The use of insurance funds permitted by national laws and regulations; Other businesses approved by the China Insurance Regulatory Commission.

Founded on October 21, 2015, BOC Samsung Life Qiaoyin Insurance**** is mainly engaged in Zhengkuan Life Insurance, the nature of the company is Sino-Korean joint venture, and it is the first Sino-Korean joint venture life insurance company in China.