How to surrender Anbang Win No. 1 Insurance

Recently, I have seen that critical illness insurance accounts for a large part of the surrender of insurance, and it is true that critical illness insurance is a complex type of insurance, and it is inevitable that sometimes I am not satisfied with it, in order to help you avoid this kind of problem, I have compiled a list of policies that will not be surrendered:"Top 10 Popular Critical Illness Insurance Points Worth Buying! 》

How to surrender the policy? There are two forms: online surrender and offline surrender.

(1) Online surrender

Generally speaking, you can find the policy on the personal homepage of the insurance, apply for surrender, and surrender the policy according to the above operation guidelines, but there are not many insurance policies that can be surrendered, and many policies need to be surrendered by yourself or ** people to the insurance company.

You should know that if you buy insurance in a bank and other apps, you have to find the insurance company behind the policy if you want to surrender the policy, because the bank can only be regarded as a medium, and it is the insurance company that really provides protection, so the insurance company can handle the business for the policyholder.

After reading this analysis, you will understand:Is it reliable to buy insurance online? What is the difference between online and offline insurance? 》

(2) Offline surrender

Offline surrender is generally this process:

You can consult the surrender location and bring all the information, so that you don't have to go back to get it again. The insurance company must accept the surrender of the policyholder, but the surrender is a loss, and the cash value can only be returned, so you must be psychologically prepared. The stipulation is that the validity of the insurance policy shall be terminated from the time the insurance company receives the application for termination of the insurance contract, and the insurance company will refund the cash value of the contract within 30 days from the date of receipt of the relevant certificates and materials.

If you decide to surrender the policy, it is important to note that the surrender of the old policy should be guaranteed after the new policy takes effect, so as to ensure that it will always be covered. Hope!

The following documents need to be prepared:

1.Application for termination of contract;

2.insurance contracts;

3.Proof of the policyholder's legal identity.

There are two types of surrender:

1.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.

2.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.

Anbang Life Win No.1 Insurance is a popular product at the beginning of 2016, which can provide the expected annualized return of fixed investment, as well as home property insurance. The following is an analysis of the terms of both insurance policies.

During the insurance period of this main insurance contract, the company shall assume the following insurance liabilities:

During the waiting period, if the insured dies due to illness within 180 days from the effective date of the main insurance contract (or the final reinstatement), the company will refund 105% of the premium paid by you for the main insurance contract, and the main insurance contract will be terminated. This 180-day period is called the waiting period. If the insured dies as a result of accidental injury (see Definition), there is no waiting period.

In the event of an insured event after the waiting period, the Company will pay the insurance benefits in the following ways:

Maturity Premium: If the insured is still alive upon the expiration of the insurance period, the Company shall pay the "Maturity Premium" according to the basic insurance amount agreed in the main insurance contract, and the validity of the main insurance contract shall be terminated.

Death Benefit: In the event of the death of the Insured, the Company will pay the "Death Benefit" according to the basic insurance amount agreed in the main insurance contract, and the validity of the main insurance contract will be terminated.

Accidental Death Benefit: If the insured suffers an accidental injury and dies within 180 days from the date of the accident due to the direct and separate cause of the accident, the Company shall pay the "Accidental Death Benefit" at twice the basic insurance amount agreed in this main insurance contract, and the validity of the main insurance contract shall be terminated, but the maximum amount of the "Accidental Death Benefit" shall not exceed the sum of the insurance premium you have paid under the main insurance contract and RMB 2 million.

Public Transport Accidental Death Benefit: If the insured suffers an accidental injury while taking a legally commercially operated public transportation as a passenger, and dies due to the accident as a direct and separate cause within 180 days (including the 180th day) from the date of the accident, the company will pay the "Public Transport Accidental Death Benefit" at the rate of 3 times of the basic insurance amount agreed in the main insurance contract, and the validity of the main insurance contract shall be terminated, and the "Public Transport Accidental Death Benefit" will be allocated to the sedan car The maximum amount of the benefit shall not exceed the sum of the insurance premium you have paid under this main insurance contract and RMB 2,000,000. If the insured suffers an accidental injury accident in violation of the carrier's regulations on safe riding, the company shall not be liable to pay the "public transportation accidental death insurance benefit".

Among the Anbang life insurance products, the premium income of Anbang Longevity Steady Win No. 1 Dual-All Insurance reached 100 million yuan, followed by Anbang ** Ding No. 5 Liangquan Insurance (Dividend-paying) A premium income of 100 million yuan, Anbang ** Ding No. 6 Liangquan Insurance (Dividend-paying) A premium income of 100 million yuan, and the premium income of the rest of the insurance products was less than 400 million yuan.

Surrenderable policy.

1.The policyholder should bring the insurance policy, ID card, and bank card to the insurance company's counter.

2.You can also entrust the salesman to handle it, and provide a copy of the above (original insurance policy) to sign and entrust the surrender.

3.The surrender value is the cash value of the policy corresponding to the premium payment term.

4.For example, if you pay a single payment, you will see the cash value of the policy in the first year.

5.The money will arrive in the account within 3-7 days after applying for surrender.

Yes, but there is a significant loss of premiums paid.

Requirements and procedures for handling surrender of insurance:

The applicant is eligible to apply for surrender. If the insured applies for surrender, the written consent of the policyholder must be obtained, and the policyholder must clearly indicate who will receive the surrender money;

If the policyholder applies for surrender, the contract has been in force for two years and the premium has been paid for two years, and the insurance company shall refund the cash value of the policy after receiving the surrender application, and if the policyholder has paid the premium for less than two years, the insurer shall refund the remaining insurance premium to the policyholder after collecting the insurance premium for the period from the date of commencement of the insurance liability to the date of discharge.

The surrenderer shall provide the following documents when handling the surrender:

If the insured requests to surrender the policy, the applicant shall provide a surrender application with the written consent of the policyholder;

The insurance policy provided by the surrenderer to prove the conclusion of the contract and the proof of the last payment;

Proof of identity of the policyholder;

If the policyholder or the insured entrusts another person to handle the application on his behalf, the power of attorney of the policyholder or the insured and the identity card of the principal shall be provided.