Can I surrender the insurance within 180 days of the waiting period?

Just bought insurance. As long as it is within the cooling-off period, the policy can be surrendered in full. If you come over the cooling-off period, you can only refund the cash value of the policy. If you bought it, why should you return it?

Are you getting the concept wrong?

The waiting period, not the hesitation period.

The waiting period is that no compensation will be paid in the event of an insured event during this period, and the policy can be refunded in full after a hesitation period of 15 days.

Not necessarily, the waiting period of insurance, also known as the observation period, refers to the fact that the beneficiary of the insurance will not be able to receive the insurance benefit even if the insured has an insured event during the specified period when the insurance contract is in force. But it's not critical illness insurance.

After the 90-day waiting period, you will definitely be able to get a claim, and the precondition must be that you meet the conditions for critical illness insurance before the insurance company will make a claim.

Is it necessary to buy commercial insurance?

The purpose of the waiting period and the cooling-off period set by the insurance company.

On the contrary, the setting of the waiting period is actually a means for insurance companies to avoid risks, in order to prevent policyholders from deliberately taking out insurance to make a profit after knowing that they will insure the event, so health insurance such as critical illness insurance will stipulate a waiting period for insurance.

Generally speaking, there is a waiting period for one-year critical illness insurance at the time of the first application, but there is no waiting period for normal renewal from the second year. For long-term critical illness insurance, there is generally only a waiting period at the beginning of the contract. However, there is no waiting period for insured accidents caused by accidents.

Generally speaking, the waiting period for critical illness insurance will not exceed 1 year, and most of the critical illness insurance in the market has a waiting period of 90 days, and some insurance companies offer a waiting period of 180 days or one year.

However, it does not mean that after the waiting period for critical illness insurance, you will definitely be able to get a claim, and the premise must be that you meet the conditions for critical illness insurance before the insurance company will make a claim.

According to the classification of critical illness insurance coverage, some critical illnesses agreed in the contract are paid upon diagnosis, such as cancer.

However, some covered illnesses must reach the status of illness agreed in the insurance contract before the insurance company can pay the claim, and some contracted illnesses must have undergone certain surgeries before they can be claimed.

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During the waiting period, the contract is also effective, and the normal surrender can be handled, and the surrender must be carried out by the person, and all regular insurance companies must be signed by the person to take effect, so the surrender must also be signed by the person to be refunded. There are also two types of surrender, one is the cooling-off period and the other is normal surrender. Surrender during the cooling-off period refers to the surrender of the policy within the cooling-off period agreed in the contract, while the surrender beyond the cooling-off period is regarded as a normal surrender.

"Cooling-off period" means that within 10 days (15 days for bancassurance channels) after receiving the insurance contract, if the policyholder does not agree with the contents of the insurance contract, the policyholder can return the contract to the insurer and apply for revocation. During this period, the insurer agrees to the policyholder's application, rescinds the contract and refunds the entire premium received. This 10 days (15 days for the bancassurance channel) is commonly referred to as the "cooling-off period".

If you surrender the policy during the cooling-off period, you must pay attention to the following points: First, if you cannot receive the policy in time due to special circumstances, it is best to notify the insurance company in advance. Secondly, after receiving the insurance policy, be sure to fill out the policy receipt in person and indicate the date.

This is because the insurance company's determination of the cooling-off period is calculated based on the date of receipt. Thirdly, the policyholder must carefully read the terms of the insurance, and if he does not know enough about himself, or has a deviation in his understanding, he must ask the person in time to avoid misinsuring.

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It can be refunded, and the insurance product can be refunded at any time if it wants to, but the question depends on what type of insurance you buy, whether the surrender time is in the hesitation period, etc. China's Insurance Law

It is stipulated that if the policyholder terminates the contract, the insurer shall return the insurance policy in accordance with the contract within 30 days from the date of receipt of the notice of termination.

The cash value.

Like critical illness insurance. There is generally a 10-day or 20-day hesitation period after applying for insurance, and the surrender within 7 days belongs to the hesitation period, and the premium can be refunded directly, and the customer has no loss.

Like an accident shack macro stove.

Some are after the insurance, the next day immediately after the effect, the hesitation period is very short, if 7 days exceed the hesitation period, then only the cash value of the policy can be returned, there will be a certain loss.

The cash value of the policy.

It is the actuarial value of the policy at a given time. The calculation can be simplified as: the cash value of the policy = the premium paid by the policyholder and the insurance company's management fee.

The amount of expenses apportioned on the policy, the commission paid by the insurance company to the salesperson for the policy, the net premium that the insurance company has assumed the insurance liability of the policy, and the interest accrued on the remaining premiums.

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The policyholder can apply for surrender of the policy from the time of receipt of the contract to the end of the insurance contract.

During the hesitation period. If the policy is surrendered, the insurance company will refund the entire premium and charge a small amount of the production cost; After the cooling-off period, the insurance company refunds the cash value of the policy.

or the unexpired net premium, there will be a considerable loss. The cooling-off period is generally 10 or 15 days after receiving the insurance contract.

Extended Materials

Surrender: 1) Consider the financial loss. There is an economic loss in surrender, but the loss can be large or small depending on the time of surrender.

2) Considering the physical condition, it is healthy when buying, but with the age of age, there may be various small problems in the body, so you should be cautious when you surrender the policy.

3) Considering the increase in age, when surrendering the premium**, in addition to the loss caused by our surrender, we should also consider the new product we intend to purchase**. You know, as you get older, the risk becomes higher, and the premium is constantly going to be ***.

4) Consider the health notice of the health insurance of the health insurance that will not only ask about the illness or illness that you have born, but also ask whether the insured has a claim record or a denial record in the last two years.

5) Considering product changes, the product update in the insurance market is very fast, but you can't change insurance with it.

Keep in mind that insurance products are relatively homogeneous and have a specific surrender process. In fact, surrender is very simple, if you buy insurance on the Internet, you can achieve one-click surrender.

For example, good medical insurance bought on Alipay.

You need to find your policy in Ant Insurance (the mobile phone supports Apple 12 ios14 system using Alipay version Log in to Alipay to query Ant Insurance), and then click on "More" to contact customer service, followed by the "self-service surrender" tool, click in and follow the prompts to operate, of course, the operation process of insurance bought on different platforms is different, if it is ** insurance bought under **, you need to call ** to the insurance company to surrender according to the instructions.

Surrender during the cooling-off period.

In the hesitation period surrender is able to 0 loss or only lose dozens of dollars to guess the cost of work, when buying insurance to think twice, I really don't understand, after buying also find someone who understands to help see. "Signature" surrender.

The laws of the country are more protective to our consumers if the policy is acknowledged.

If the insurance policy, insurance reminder, or risk warning are not copied by you, or the insured's signature is not signed by you, you can apply for the policy to be invalid, and you can also get a full refund at this time. Return visit** to answer abnormal surrender.

We take out long-term insurance (e.g. critical illness insurance.

If we do not receive a return reminder **, or we do not answer in person, or do not prompt the relevant risks in the process of the return visit, we can apply for full surrender. "Misleading" surrender.

There is also a way to apply for full surrender of the policy, that is, when the ** person sells your insurance, it is misleading, such as exaggerating the protection responsibility or income of the insurance product, such as concealing the dividend insurance and universal insurance.

and the uncertainty of the income of the insured product, as well as the concealment of information in the clauses, etc., and the loss caused by these misleading sales can also apply for full surrender.

If the critical illness insurance occurs for the first time within 180 days of the waiting period, the insurance company will terminate the critical illness contract and return the premium paid (without interest).

The insurance waiting period refers to the period specified after the insurance contract takes effect, even if the insured accident occurs, the beneficiary cannot receive insurance compensation, this period is called the waiting period. In general, the waiting period for critical illness insurance is 90-180 days, and the waiting period for medical insurance is 30 days.

The purpose of the waiting period is to prevent the policyholder from taking out insurance immediately knowing that an insured event is about to occur. The waiting period is generally calculated from the effective date of the contract or the date of reinstatement, and is only applicable to the first year of insurance, and for renewable policies, there is generally no waiting period for the renewal year.

Usually, if the critical illness insurance is sick or operated on during the waiting period: if the claim conditions for minor illness or critical illness are not met, the policy will continue to be valid, and the insurance company can be notified without notifying the insurance company under normal circumstances; If you meet the conditions for a minor or critical illness, please inform the insurance company that the normal treatment is a refund of the premium and the termination of the contract.

For medical insurance, if an illness or surgery occurs during the waiting period: the illness or surgery will not be covered, but the policy will continue to be in force, and the illness may be excluded as a pre-existing condition at a later date.

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1. Surrender process during the hesitation period.

1. Collect and truthfully fill in the surrender application form and submit the surrender application.

2. Bring your identity certificate, policy and payment receipt to the insurance company's counter to surrender the policy.

3. Fill in the relevant information according to the prompts of the staff to complete the processing.

2. Application for surrender materials.

1. If the insured requests to surrender the policy, the applicant shall provide the application for surrender with the written consent of the policyholder.

2. A valid insurance contract and proof of the last payment.

3. Proof of identity of the policyholder.

4. If the applicant entrusts another person to handle it, the power of attorney of the policyholder and the ID card of the principal shall be provided.