I would like to know more about the issue of insurance surrender.

You can first complain to the insurance company about the ** person who applied for your insurance, and see what the insurance company says. The surrender is based on the cash value of the policy in the current year + dividends to the insured, and the insurance company will send the surrender money to your bank account about 10 days after the surrender application is submitted. In your case, it may be that your ** person did not help you surrender the insurance at all, so the insurance company will directly transfer it to pay the insurance premium for the current year as long as you have money in your account when it expires.

Xueba talks about insurance, focusing on insurance evaluation! Before buying critical illness insurance, you still have to compare more, choose carefully, and try to avoid economic losses caused by surrender, just like these critical illness insurances, most of you will regret if you buy them sloppilyTop 10 [Not Worth Buying] Critical Illness Insurance Points!

Some people always sign a contract with a wave of their hand when they buy insurance, but in the end, they feel that the insurance they chose is not satisfactory and want to surrender the policy. Therefore, don't surrender casually, the key knowledge points of surrender are not to know when surrendering, see this article for detailsHow to surrender insurance, how much can be refunded, and how to reduce surrender losses?

The article is very detailed, here are a few points to briefly say.

Generally speaking, surrender will cause a certain amount of loss, except in the following two cases:

1.Cooling-off period surrender:There will be a hesitation period after buying insurance, generally in 10-15 days, if you surrender the policy during this time period, there is basically no problem with the full refund of the premium;

2.Sales misleading:If the salesman did not perform in a standard manner when the insurance contract was signed, and the signature of the insurance contract was not signed by the person in the first place, it is possible to refund the entire premium.

In addition, it will inevitably cause economic losses, and we must choose ways to reduce economic losses at this time, such as choosing to reduce the amount of payment:

That is, the money is not refunded, but the current cash value is used as the premium to be paid, how much can be insured, and no further payment will be made in the future, and the protection will still be effective, but the sum insured will be reduced.

This will be much more cost-effective than surrendering, but this method is not universal to all insurance, and whether such a situation can be handled needs to be confirmed with the insurance company.

In addition,These situations are also critical for surrender:

It is best to wait until the waiting period for the new insurance has expired before refunding the old insurance to avoid the loss of risk protection in the middle of the journey.

2.Health Status:If you already have certain health problems, there may be no way to inform you of the health through the new insurance, and surrender is not the first choice for this group of people.

3.Payment card balance:If you have already thought about it, you will definitely surrender the insurance, and it is best not to put money in the bank card that pays the insurance premium, so as not to be deducted when the payment period is reached.

I don't know the precautions for surrendering, I won't list them one by one here, and I will share with you a very comprehensive article here, which can be collected if you are interestedWhat are the details to pay attention to when surrendering an insurance policy? Hope!

First of all, this is a contract, do not return easily, you will have a loss, if there is a certain reason to return, then this is your right, any insurance company shall not obstruct for any reason, once the surrender procedures have been handled, then deduct money from your card you can go to their company, the corresponding pre-paragraph recovered!

Surrender depends on several aspects:

1. Types of insurance products.

1) Whether there has been a cooling-off period, if the policy can be surrendered in full during the cooling-off period, if it has passed, the policy must be surrendered according to the cash value of the policy.

2) It depends on how the contract is written, if you buy insurance in a lump sum and pay for 5 or 10 years, you can basically get back the principal.

3) Car insurance, social security, provident fund, water drop insurance, easy insurance, million medical care, Wukong insurance, WeChat, Alipay, 360 and other channels to buy insurance, consumer insurance, one-year short-term insurance, will not be accepted.

4) Calculation of cash value: the cash value of the policy = the premium paid by the policyholder - the amount of the insurance company's management expenses amortized on the policy - the commission paid by the insurance company to the salesman because of the policy - the net premium required by the insurance company to bear the insurance liability of the policy + the interest accrued on the remaining premium.

2. How much principal you get back after returning the insurance should be calculated based on the cash value of the insurance contract, and see how the cash value of the policy corresponds.

3. Attention should be paid to surrender:

1) The applicant must be the policyholder on the contract. If the insurer applies for surrender of the policy, it must obtain the written consent of the policyholder and bring the ID cards of both parties to the insurance company's counter together with the policy.

2) If the application for surrender contract has been effective for two years, the insurance company shall refund the cash value of the policy after receiving the surrender application, and if it is less than two years, the insurer shall refund the remaining amount to the policyholder after receiving the insurance premium from the date of commencement of the insurance contract to the end of the insurance contract.

3) If the policy is surrendered during the cooling-off period, the insurance company will refund the entire premium received.

Surrender process: Customer service evaluates your policy.

Sign the power of attorney and submit relevant materials.

Calculate the cash value of the policy after the sale.

The premium has been successfully refunded to yours.

Suggestion: Consider carefully when surrendering the policy early, in fact, I do not recommend you to surrender the policy, after all, one insurance, one protection. Because insurance is a unilateral breach of contract, after a policy is signed, the cost of policy management has already been incurred, including handling fees, costs, protection deductions and other expenses, and a small part of it will cause unnecessary losses to yourself when you get it back.

If you must surrender the policy, you can go to the insurance company and ask the insurance company to calculate the cash value and go through the process of surrendering.

1. You can submit a surrender application to the insurance company by calling customer service** or going to the counter of the outlet, explaining the reason for surrender and the surrender time. 2. After reviewing the surrender application, the insurance company will issue a surrender approval and withdraw the policy at the same time. 3. The surrenderer shall go to the insurance company to collect the insurance premium that should be refunded with the surrender approval form and ID card.

Summary. Hello dear, glad to answer for you! Insurance surrender can call the insurance customer service ** for consultation, or you can go to the insurance company for inquiry; After confirming that you meet the surrender conditions, you should prepare the relevant surrender information as required, generally you need to prepare your valid SFZ, YHK, first invoice, first policy contract, etc., it is recommended to prepare the original and copy; Then bring the materials to the local insurance company counter to go through the surrender procedures, and you can <> it by seeing the signature

How do I surrender my insurance?

Hello dear, glad to answer for you! Insurance surrender can call the insurance customer service ** for consultation, or you can go to the insurance company for inquiry; After confirming that you meet the surrender conditions, you should prepare the relevant surrender information as required, generally you need to prepare your valid SFZ, YHK, first invoice, first policy contract, etc., it is recommended to prepare the original and copy; Then bring the materials to the local insurance company counter to go through the surrender procedures, and you can <> it by seeing the signature

<>, insurance refers to the commercial insurance behavior in which the policyholder pays insurance premiums to the insurance company in accordance with the contract, and the insurance company is responsible for compensating for the property loss caused by the accident of the policyholder as agreed in the contract, or the insured is dead, disabled, sick or reaches the age and time limit agreed in the contract. Generally speaking, insurance is a financial arrangement for apportioning accident losses; is a contractual arrangement in which one party agrees to compensate the other for its losses; It is an important part of the socio-economic security system; is a method of risk management. The original intention is to be safe and reliable; It is a tool used to plan life finances, a basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.