How to calculate the surrender of Ping An Xiangrui annual insurance

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Ping An Xiangrui annual insurance surrender can be refunded in two parts:

1.Cash value.

Cash Value = Premiums Paid by the Policyholder Allocation of Insurance Company's Administrative Expenses Commissions paid by the insurer to salespeople Net premiums required by the insurance company to assume insurance liability + Interest on the remaining premiums.

2.Dividends. <>

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

(1) Online surrender

Generally, you can find your own policy in the insured **, apply for surrender, and follow the above steps to operate, but fewer insurance can be surrendered, and many policies need to be surrendered by yourself or **person to the insurance company.

Here is a reminder that if you buy insurance in a bank or other APP, you will need to go to the insurance company where the policy is located to surrender the insurance policy in the future, because the bank is just a medium of transaction, and it is the insurance company that really provides protection, so you also need to find the corresponding insurance company to handle the business.

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:

The purpose of typing ** is generally to confirm which materials to bring, so that you can handle it at one time. The policyholder cannot refuse to surrender the policy, but the surrender can only return the cash value, and a part of the loss will be made, so you must be mentally prepared. According to the regulations, the insurance company will refund the cash value of the policy at that time within 30 days from the date of receipt of the relevant proof and information from the date of receipt of the insurance contract termination application.

If you have already decided to surrender your policy, it is important to remember that it is better to surrender the old policy after the new policy is in effect to ensure that the protection is not interrupted.

Space is limited, I put the details of the surrender here:What are the details to pay attention to when surrendering an insurance policy? 》Hope!

How to calculate the surrender of Ping An Xiangrui annual insurance mainly depends on whether the hesitation period surrender or normal surrender.

Surrender during the cooling-off period.

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.

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 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.

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

I haven't heard of this product, it should not be a personal insurance product, or bancassurance or online sales.

Looking specifically at the policy contract, there should be a detailed statement of cash value, and the cash value corresponding to each year is the surrender payment.

The surrender of the insurance must bear the loss, and the customer must have psychological expectations.

Ping An Xiangrui pension insurance also comes with dividends, this insurance does not borrow, you can receive a pension and dividends, your later life will not have to be hated, if you are not short of money now or pay off.

Xueba talks about insurance, focusing on insurance evaluation! If you are careless about buying the wrong insurance and surrender the policy, it is likely to cause economic losses, as mentioned in this article, you should consider carefullyTop 10 [Not Worth Buying] Critical Illness Insurance Points!

It is recommended not to return, there is a loss if you return, you can only refund the cash value, or you need to consider carefully. Before surrendering, you can have a detailed understanding of the surrender of the policy

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

Generally speaking, there will be a loss if the policy is surrendered, except for the following two cases:

1.Surrender during the cooling-off period. There will be a hesitation period after buying the insurance, generally in 10-15 days, if you surrender the policy within this time period, the probability of getting back the entire premium is almost 100%;

2.Sales misleading:If the insurance contract is signed under the misleading of the salesman, if the insurance contract should be signed by the person but not by the person, there is a chance to apply for a full refund of the premium.

If the actual situation does not match these two, basically a part of the money will be lost, at this time reducing the loss is the only thing we can do, such as the option to reduce the amount 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.

This is a more cost-effective method than surrendering the policy, but this method is not universal for all insurances, and you need to check with the insurance company for specific situations.

In addition,The following situations are very important points when surrendering the policy:

2.Health Status:If there are more and more physical problems, it is possible that you cannot inform the health of the new insurance policy, and it is not recommended to surrender the policy in this case.

3.Payment card balance:If you are determined to surrender the policy, you can empty the money in the bank card where you paid the premium, but if the payment period is up to the end of the payment period and you have not applied for a refund, you will lose another amount.

This is just a few of the precautions, there are many things to pay attention to, I can't finish talking in a few words, if you are very interested in the specific content, you can read this article".What are the details to pay attention to when surrendering an insurance policy?

Most of the money paid is lost, why should I surrender the policy?