How much can I get back when I surrender Sunshine Term Life Insurance?

People who want to surrender the policy, the first thing that comes to mind is, how much can they refund? How can I go back more? Here's a guide:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

How much money can be refunded when surrendered, there are several situations:

(1) Full surrender

Generally, these conditions can be surrendered in full:

1.Surrender during the cooling-off period

There is a hesitation period for buying insurance, if the insurance is surrendered during the hesitation period, the premium can be fully refunded, and the cost of production will be deducted, generally 10 yuan, usually the hesitation period is calculated after the contract receipt is signed, generally 10-15 days, and the contract will be written.

2.It is signed

If some salesmen do not operate in a standardized manner and the person who signs the insurance contract is not the person, in this case, the application for surrender can be refunded in full.

3.There is evidence

If there is evidence that can prove that the person violated the rules or deceived the consumer, in this case, the application for surrender can also be refunded in full.

(2) Refund of cash value

If the policy is surrendered outside the hesitation period, only the cash value can be refunded, and usually only savings life insurance has cash value, such as term life insurance with a term of more than one year, long-term consumption critical illness insurance, savings critical illness insurance, comprehensive insurance, whole life insurance, endowment insurance, universal insurance and participating insurance, etc.; Accident insurance, one-year medical insurance, etc., generally have no cash value.

The cash value of the policy can be calculated in this way just by looking at the contract provisions or by asking the customer service of the insurance company

(3) Return of cash value + dividends

The cash value has been mentioned above, and here we will talk about dividends. The dividend will be divided into two parts, one part is to give the customer a fixed insurance payment, and the other part is related to the operation of the insurance company, this part is the dividend, there is no fixed value. If you don't think you understand it very well, you can look here:

"Demystifying the Mystery of Dividend Insurance".

Obviously, if you do not surrender the policy within the hesitation period, the money returned is less than the premium paid, which means that there will be a lossWhat are the details to pay attention to when surrendering an insurance policy? 》Hope!

If the policy is surrendered within 15 days from the day after signing the e-policy (cooling-off period), no fee will be charged and the premium paid will be refunded without interest.

If the policy is surrendered after the cooling-off period, the cash value of the contract at the time of surrender will be refunded, and there will be a loss of premiums.

The surrender channels of Sunshine Life's insurance products are generally realized in traditional offline forms, mainly including:

1. Go directly to the customer service center of the operating outlets to handle the surrender, submit the relevant surrender information on the spot, fill in the surrender application, etc.

2. **Contact the official customer service of Sunshine Life for surrender consultation and processing, we only need to inform the manual customer service of their personal information, policy number, etc., and then follow the voice prompts of the customer service to complete.

In addition, for some Internet insurance products launched by Sunshine Life in cooperation with third-party insurance sales platforms, it is relatively more convenient and simple to handle the surrender of insurance policies directly through exclusive online channels.

The surrender process of Sunshine Insurance is as follows:

1. First submit an application for surrender to the insurance, and prepare the insurance contract, ID card, bank card and other materials to submit to the insurance company for review;

2. After the insurance company reviews the information and confirms that it is correct, it will contact the user to go to the insurance company to go through the surrender procedures;

3. After the user signs the application for cancellation of the insurance contract, the surrender procedure is completed, and the insurance company will refund the premium to the bank card account designated by the user.

Sunshine Insurance surrender rate of what percentage of refund:

The specific refundable amount of Sunshine Insurance depends on how the cash value table on the policy is written.

For example, the cash value table of some insurance products will directly state what the cash value of each year is, and you only need to look at the cash value corresponding to the year of surrender when you surrender the policy. For example, the cash value table of a policy indicates that the cash value of 10,000 in the fourth year corresponds to 100,000 in the insured amount, then if the insurance amount is 500,000 when the policy is surrendered in the fourth year, the cash value that can be refunded in the current year is 50 = 5000

Expansion: 1. How long does it take for Sunshine Insurance to be surrendered?

Sunshine insurance is now developing is also relatively good, his work efficiency is also relatively high, if you surrender the policy, generally speaking, the amount involved is not large, it takes 3 5 working days, if the amount involved is more, it may take about 10 days. Of course, it also depends on the business outlets that handle your surrender business, and how efficient they are.

The China Banking and Insurance Regulatory Commission stipulates that we must get the money to our bank card account within 30 days of accompanying the booklet.

2. How to refund the full amount of Sunshine Insurance.

During the payment period, if the policyholder wants to surrender the policy, he or she will usually only receive the cash value of the policy, which is generally not greater than the cumulative premium paid by the policyholder.

In addition, some insurance products also stipulate that a certain handling fee will be deducted if the policy is surrendered or received in cash within a certain period of time. During this period, you can cancel the insurance contract unconditionally and the premium will be refunded in full.

It is understood that the Insurance Authority has clear requirements for insurance personnel, and must inform customers of the hesitation period and relevant provisions of the insurance contract in a timely manner. That is, within 10 days of Lu Hong paying the premium, if the consumer regrets it, he can apply to the insurance company for a full refund. After 10 days, the insurance company will deal with the relevant disputes in accordance with the provisions of the insurance contract, and the surrender loss shall be borne by the policyholder.

The above is an introduction to how to refund the surrender of Sunshine Insurance, how much can be refunded, we can make a preliminary calculation through the calculation method above the policy, and then decide whether to surrender the policy after understanding the approximate loss.

The general life insurance contract involves the description of the surrender of the insurance during the hesitation period. There is a 10-day cooling-off period from the day after signing the main insurance contract. If the policyholder cancels the contract during this period, fills in a written application, provides the insurance contract and proof of identity, and can refund all the insurance premiums paid without interest.

Insurance companies generally only charge a small amount of the cost of production and medical examination.

Sunshine Insurance Surrender Process and Required Materials:

1. Sunshine Insurance surrender (online sales channel).

If you apply for cancellation of the insurance contract after the cooling-off period, the contract will cease to be valid from the time we receive the cancellation application, and we will refund you the cash value of the contract at the time of application. If you cancel the contract after the cooling-off period, you may suffer some damages.

2. Sunshine Insurance Surrender during the Cooling-off Period (Online Sales Products).

If the insurance contract is terminated within the cooling-off period agreed in the contract, we will refund the insurance premium paid by you without interest, and the insurance contract will be terminated from the moment we receive your written application for cancellation of the contract, and we shall not be liable for insurance from the beginning.

Handling channels. 1. Official website handling (only for long-term insurance products on the official website and wealth management products sold by banks online) 2. Handling on mobile official website (only for long-term insurance products on the official website).

4. Handle it over the counter.

Documents should be prepared (for counter use).

1. Application for change of preservation.

2. The identity document of the policyholder.

3. The original insurance contract (customers who use electronic policies do not need to provide it).

How much Sunshine Insurance can surrender depends on the actual situation:

1.For one-year quiet bridge period insurance, the premium paid can be refunded if the policy is surrendered during the cooling-off period, and the remaining fee can be refunded after deducting the premium and handling fee for the number of days of insurance paid.

2.Long-term insurance, surrendered during the cooling-off period, and cash-back after the cooling-off period. However, different insurance products, even different payment terms, premium payment amounts, surrender periods and other factors of the same insurance product, can also lead to different policy cash values.

For the specific amount, please consult the cash value table of the policy or consult the insurance company. For example, if a 0-year-old boy pays a 10-year old lifetime insurance with a premium of £10,000 per year, he will return the insurance after one year. The refundable cash value is 1750, and the refundable cash value is 10794 after two years; If a 0-year-old boy pays a £10,000 annual premium for 3 years of lifetime insurance, he will return the insurance after one year.

The refundable cash value is 575 and the surrender after two years is 15270;

3.Cash value of surrender participating insurance Unclaimed dividends;

4.Universal Insurance Refundable Cash Value Account Value;

5.If the car insurance is surrendered, the compulsory traffic insurance will be surrendered. The remaining money can be returned from the date of deduction of the premium calculated at the daily rate until the date of termination of the contract.

If the commercial auto insurance is surrendered, if the guarantee does not take effect, the premium paid can be refunded, but the 3% handling fee will still be deducted; If the policy is surrendered after the guarantee takes effect, the insurance company may deduct the premium calculated at the daily or high rate from the date of commencement of the guarantee to the date of termination of the contract.

Summary. 1.For one-year insurance, the premium paid can be refunded if surrendered during the cooling-off period, and the remaining premium can be refunded after the surrender of the policy after the cooling-off period after deducting the premium and handling fee for the number of days covered;

2.For long-term insurance, the premium paid can be refunded if surrendered during the cooling-off period, and the cash value can be refunded after the cooling-off period. However, different insurance products, even the same insurance product, the payment period, the amount of premium payment, the surrender period and other factors will also lead to different cash value of the policy, the specific amount can be checked in the cash value table of the policy or consult the insurance.

3.Surrenderable cash value of participating insurance + unclaimed dividends;

How much can be refunded by Sunshine Insurance.

Hello, I am a platform special financial consultant, a practicing lawyer is good at debt processing, financial loans, equity investment, insurance consulting, your question I have seen the fingers, is sorting out the answer paragraph guess, it will take about 3 minutes, please wait a while

1.For one-year insurance, the premium paid can be refunded after the hesitation period, and the remaining fee can be refunded after deducting the premium and handling fee for the number of days of insurance after the cooling-off period; 2.For long-term insurance, the premium paid can be refunded if surrendered during the cooling-off period, and the cash value can be refunded after the cooling-off period.

However, different insurance products, and even different factors such as the payment period, travel limit, premium payment amount, surrender period and other factors of the same insurance product, will also lead to differences in the cash value of the policy. 3.Surrenderable cash value of participating insurance + unclaimed dividends;

Sunshine Insurance has been paid for 4 years. I want to surrender my policy now.

Surrender is divided into full surrender and premium surrender.

How much money can I get back?

Generally, only the cash value premiums of the policy can be refunded.

I'm on life insurance.

How much you refund depends on how much you have paid.

Normally, you pay 2w to the insurance company to surrender up to 3,000 yuan.

2272 pieces of 5 cents per year.

If you don't surrender the policy, you will lose a lot.

Is it possible to return half of it?

It's hard. How much money can be refunded?

In this case, you normally surrender the policy at about 1,500 yuan.

You can only look for insurance sales to see if there is any deception or something.

If there is evidence, you can return more.

According to the insurance company's contract, a small part of the normal refund will be made.

You can look at the cash value of your policy.

Surrender is now a refund of the cash value.

The amount of surrender of Sunshine Insurance depends on whether it exceeds the hesitation period, and the insurance company will refund the premium paid during the hesitation period. Surrendering the policy after the cooling-off period and returning the cash value of the policy may cause certain financial losses, so it is necessary to carefully consider before applying for insurance to ensure that you do not buy the wrong insurance product. However, if there is pressure on premium payment and duplication of coverage, you may consider surrendering the policy.

1. Surrender the policy during the hesitation period.

When the policyholder buys Sunshine Insurance, there is generally a hesitation period, and the hesitation period for long-term insurance shall not be less than 15 days. If the policy is surrendered within this period, the insurance company will refund the premium paid, except for the cost of deducting about 10 yuan for those who have applied for a paper policy. Therefore, after applying for Sunshine Insurance, if you find that there is a difference in insurance liability and protection needs, it is recommended to surrender the policy within the hesitation period, so that it will not cause economic losses.

2. Surrender the policy after the cooling-off period.

If you have purchased Sunshine Insurance and apply for surrender during the cooling-off period, the insurance company will not refund the premium paid, but the cash value. There is a cash value table in each policy, and the cash value varies from product to product, but generally speaking, the cash value will increase with the time of payment, which means that the earlier you surrender the policy, the less surrender you will receive. Because there is a cost to the coverage of every policy, the details are as follows:

Protection cost: In the 1 year before the surrender of the policy, risk protection has been provided, so this part of the cost should be deducted.

Channel costs: After successful underwriting, the insurance company pays a commission to the sales channel. The surrender commission is not recoverable.

3. Therefore, the surrender after the hesitation period will be used to pay some of the costs of the insurance company, because the operating costs and channel costs are generally deducted in the first few years, so the surrender of the insurance in the first few years will be especially large.

4. It should be noted that the future risk is unpredictable, and once the policy is surrendered, the original protection will be lost, and the risk must be carefully considered. For long-term insurance, there will also be a waiting period for re-insuring new products, and the insurance company will not pay during the waiting period, so it is generally not recommended to surrender the policy.