How long does it take to get your money back when you surrender your general insurance

The money generally arrives in about 3-10 working days after the insurance is surrendered, and the speed of surrender depends on a variety of factors, such as the efficiency of the insurance company, the cooperation of the surrenderer, the efficiency of banking processing, etc., if you want to surrender the insurance as soon as possible, consumers can pay attention to the following points:

2. Pay attention to the timely answer to the surrender confirmation**, do not refuse or miss the connection;

3. Try not to surrender the insurance before and after the holiday, the refund may be delayed by the holiday, if it conflicts with the hesitation period, you can ignore this.

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The efficiency and requirements of different insurance companies are also different. I can't give an approximate time.

As far as I know, I have seen a customer come to the company to surrender the policy. If you complete the application on the spot, you will receive your refund on the same day.

How long it takes to cancel the insurance depends on the specific type of insurance.

Since the insurance contract only clearly stipulates that the insurance company will receive an application for termination of the contract.

Within 30 days from the date of the date, the cash value of the insurance contract will be refunded.

Therefore, how long it takes to surrender the insurance to pay the air insurance depends on how long the insurance company has to deal with it, if the processing is fast, you can generally get the money in about a week, and if it is slower, you will get the money before the 30th.

At present, according to the contract, the surrender will also be divided into a cooling-off period.

Surrender and Cooling-off Period can only get back the cash value of the policy when the policy is surrendered during the cooling-off period, and only the cash value of the policy can be returned after surrendering outside the cooling-off period.

Since the cash value of the policy is very low in the early stage, in order to avoid unnecessary economic losses, it is better for the policyholder to surrender the policy during the hesitation period. Of course, the policyholder can also wait until the cash value of the policy exceeds the premium paid before surrendering the policy.

Hello, in terms of surrender, different insurance companies, different cities, the time limit for surrender is different, it is recommended that you consult the insurance company specialist in detail when going through the surrender procedures.

If it is an Internet insurance, there is no paper contract, but an electronic contract, and the refund can generally be received in 2-3 working days; If there is a paper version of the contract, you need to submit the paper contract back to the insurance company, which is relatively long, generally within 10 working days.

If you do not surrender the policy during the cooling-off period, you may face certain losses: first, the lack of protection; Secondly, it is highly likely that the money you will return from surrendering the policy will be less than the premiums you have already paid.

So, no matter what, when you choose to surrender the policy, you still need to think twice about the reason for surrendering, is the insurance you bought is inconsistent with the protection you want, or is there pressure to pay the premium and you can't continue to pay the premium?

If it is the former, then it is recommended that you carefully plan your protection situation before surrendering the policy, and it is best to find a professional insurance broker to plan insurance according to your own situation to see what kind of protection you need at present.

If you've already decided on a new plan, don't rush to surrender your policy. Because protection insurance, such as medical insurance, life insurance, and critical illness insurance, this kind of insurance has a waiting period, that is, after the policy takes effect, 30 days to 180 days (depending on the product), the insurance liability is not assumed. Therefore, if the benefit is replaced, it is recommended that the new policy take effect and wait for the expiration of the policy before surrendering the policy.

If there is pressure to pay, then the general long-term insurance will have a 60-day grace period, during which the premium is not paid, and the contract is still in effect; If the premium is still not paid after this period, the policy will enter the suspension period, and the insurance company will no longer be liable if the insurance occurs.

The suspension period is generally 2 years, during which time you can still apply for reinstatement of the insurance contract if your financial problems are resolved, and you only need to pay the outstanding premiums and interest. If the liability of the product you purchased is still relatively good, and the product has been withdrawn, then when you encounter financial pressure, you can also choose to let the policy enter the suspension period, giving yourself a buffer time of 2 years to prepare the premium, and you do not have to surrender the policy directly.

The above is a personal opinion, I hope it will be helpful to you

Insurance surrender generally requires the company to conduct a review, and the review time is about one month before you can get the refunded money.

If the insurance is canceled on the day of surrender, you should get the money the next day.

When we refund the insurance product, we can also consult the customer service staff of this insurance product, and the customer service staff will answer a series of questions in detail, and go through the surrender procedures according to our actual situation. When we sign insurance contracts, we also need to have a detailed understanding and analysis of these insurance contracts, understand the coverage of the insurance contracts, as well as various attention clauses, and then choose the insurance products that are suitable for us according to our actual situation.

Generally, you can refund about 2,000 yuan, which mainly depends on how much money you paid at the beginning, according to the corresponding proportion, and the time you have to enjoy, you can decide the amount of surrender.

At this time, it is related to the amount of money you invested when you buy the insurance, and there is generally a fixed time limit when you surrender the policy, if you can surrender the policy in full within 15 days.

If you surrender the insurance after buying the insurance, you can get about 60% of the money back, but it is not possible to get a full refund, which is also normal.

You will receive the full amount because you have just bought the insurance, and you are going to return it, the time interval is relatively short, and the content of the insurance has not yet taken effect.

After buying insurance, you can get about 70% or 80% back, which is a better result, and it may also be refunded in half.

If the policy is surrendered within the cooling-off period, it can be refunded in full; After the cooling-off period, only the cash value of the money can be refunded.

The cash value of each insurance product is different, you can go to the policy cash value table to check the corresponding policy year and sum assured.

How to return an insurance surrender, how much can be refunded, and how to reduce the surrender loss

Lose? 》

There are generally two types of surrender issues:

If the purchased product is still within the cooling-off period, there is almost no loss in surrendering at this time. Because most insurance policies have a stipulation: surrender during the cooling-off periodGenerally, the cost of 10 yuan is deducted or no deduction is directly deducted.

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.

There may be a loss of the cash value of the refund, and if you choose to apply for a reduction in payment, it can be regarded as a way to reduce the loss.

Reduced payment: If you are unable to pay normally when the policy is in force, but you do not want to surrender the policy, then reduce the sum insured and the policy will continue to be valid.

Of course, not all insurance products have the function of reducing the amount of payment, and you need to ask the insurance company yourself.

Offline surrender must ensure that all the information is brought! This eliminates the need to run back and forth several times.

Within 30 days from the date of receipt of the relevant certificates and documents, the insurance company will refund the cash value of the contract.

If you decide to surrender the policy, pay attention to this: The old policy can only be refunded after the new policy becomes effectiveDon't put yourself in a state of "streaking" without insurance! This is very important.

What are the details to pay attention to when surrendering an insurance policy? 》

When the insurance is surrendered, only the cash value can be refunded, which is the value of the policy. After you pay the premium, the insurance company covers you and you need money. If someone is out of danger, the claim will also need money.

So even if you don't have insurance, these costs are paid for with the premiums you pay.

The insurer may collect the premium for the period from the date of commencement of the insurance liability to the date of termination of the contract, and refund the remainder to the policyholder.

According to Article 38 of the Insurance Law of the People's Republic of China, if the policyholder requests to terminate the contract before the commencement of the insurance liability, the insurer shall pay a handling fee to the insurer, and the insurer shall refund the insurance premium. If the policyholder requests to terminate the contract after the commencement of the insurance liability, the insurer may collect the insurance premium for the period from the date of commencement of the insurance liability to the date of termination of the contract, and refund the remaining part to the policyholder.

The insured value of the subject matter of insurance may be agreed upon by the policyholder and the insurer and stated in the contract, or it may be determined according to the actual value of the subject matter of insurance at the time of the occurrence of the insured event. The insured amount must not exceed the insured value; If the insured value is exceeded, the excess part shall be invalid. If the insured amount is lower than the insured value, the insurer shall be liable for compensation in accordance with the proportion of the insured amount to the insured value, unless otherwise agreed in the contract.

Surrender of insuranceDuring the cooling-off period, the insurance company will usually refund the entire premium after deducting the production cost; Normal surrender generally requires that after a certain number of years of the policy, the policyholder can apply for termination, and the insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application.

In a long-term life insurance contract, the insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill its contractual obligations, and when the insured requests to terminate or surrender the policy for any reason during the validity period of the insurance, the insurance company will return the balance of the liability reserve minus the cancellation deduction to the insured according to the regulations, and this part of the amount is the cash value of the policy.

In general, a non-life term insurance policy contains a clause for terminating the insurance contract, which stipulates the conditions for either party to cancel the insurance policy before it expires, so as to protect their interests from being damaged by the continuation of the insurance contract. The corresponding premium shall be refunded upon surrender of the policy. If the policy is surrendered before it becomes effective, the insured can in principle recover the entire premium, but the insurer is also entitled to receive a minimum premium.

Xueba talks about insurance, focusing on insurance evaluation! When buying critical illness insurance, you should take it seriously and consider carefully, if you carelessly buy the wrong insurance and surrender it, it is likely to cause economic losses, such as these paragraphs, it is not recommended to buy".Top 10 [Not Worth Buying] Critical Illness Insurance Points!

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

Surrender is often accompanied by financial loss, but there are two situations in which there is generally no loss:

1.Cooling-off period surrender:Usually there will be a cooling-off period after buying insurance, which lasts about 10 to 15 days, during which the premium can be refunded in full without any reason;

2.Sales misleading:If the operation of the salesman is not standardized enough when you buy the insurance, and the insurance contract is not signed by you, you will have the opportunity to get a full refund.

If the actual situation does not meet these two, there is basically no way to get back some of the money, we should choose to reduce economic losses at this time, such as the choice of a reduction to pay off:

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.

Surrender is not as cost-effective as this, but not every product is suitable for this method, whether this plan can be implemented depends on what the insurance company says.

In addition,These are also key situations for surrender:

2.Health Status:If you have been diagnosed with a disease that you did not have before, it is very likely that you will not be able to pass the health notification of the new insurance, and it may be difficult to purchase other benefits after surrendering the policy, so it is not recommended to withdraw the policy.

3.Payment card balance:If you have already thought about it, you will definitely surrender the policy, it is best to take the money from the bank card that paid the premium, if you have not successfully surrendered the policy, it is very likely that you will be deducted when the payment period is up.

Regarding the surrender of the policy, there are more details that need to be paid attention to, and I will not go into detail if the space is limited, but this article is very detailed, and I will share it with youWhat are the details to pay attention to when surrendering an insurance policy?

Different insurance products, surrender.

How much money can be refunded is different, please consult the insurance company for details.

If the policy is surrendered during the cooling-off period, the loss in this case is relatively small, and the premium paid will be refunded without interest after deducting the cost of production.

However, if you surrender the policy after the cooling-off period, you will only be able to refund the cash value, which is a greater loss because the cash value is much lower than the premiums paid.

Therefore, Daddy recommends that you must be familiar with the protection content and terms of the product before applying for insurance, and whether it is really suitable for you.

Which insurance company is better?

If the insurance you bought is not satisfactory, you will naturally consider whether to surrender the policy.

The surrender amount has a certain relationship with the insurance time, relatively speaking, the surrender loss in the first year is larger, and it should be calculated according to the agreement of the insurance contract, as well as the premium. So, how much can I get back if the insurance is surrendered? Click here for details

What are the details to pay attention to when surrendering an insurance policy?

Specifically, we will face two situations when we surrender the policy, one is to surrender the policy during the hesitation period, and the other is to surrender the policy normally.

1. Surrender during the hesitation period

If the policyholder surrenders the policy within the cooling-off period, the operation is relatively simple, and there is no cash loss when the policy is surrendered. During the cooling-off period, if the policyholder believes that the insurance contract does not match the needs of himself and his family, he or she can terminate the insurance contract, fill in the application form for cancellation of the contract, provide the insurance contract and valid identity documents, and refund all the insurance premiums paid without interest at the customer service center of the company where the insurance was purchased after receiving the application.

2. Surrender the policy after the cooling-off period

If we apply for surrender, how much we can surrender is closely related to the type of insurance and the time of application. Generally speaking, consumption, savings, universal insurance, investment-linked insurance: refundable funds = cash value (cash value:

On the first few pages of the insurance contract, there will usually be a cash value table: "Cash Value at the End of the Policy Year", which will clearly indicate the corresponding cash value of the insurance contract for each year). The cash value of the policy is the value of life insurance, and the insurance company usually reserves the liability reserve for the performance of the contractual obligations, which is used to pay the refund of the termination of the policy when the policy is surrendered.

The insurance company will generally refund the cash value of the policy within 30 days and terminate the insurance contract according to the terms and conditions. However, it is worth noting that if we have received the insurance benefits, we usually cannot apply for a surrender of the policy.

As for how to minimize losses, please see this article:How to surrender insurance, how much can be refunded, and how to reduce surrender losses?