China Merchants Cigna Health Worry free Surrender

Xueba talks about insurance, focusing on insurance evaluation! Before buying critical illness insurance, we had better make more comparisons, and choose carefully so that it is not easy to regret and avoid losses caused by surrenderTop 10 [Not Worth Buying] Critical Illness Insurance Points!

If you want to minimize the loss, please see the following strategy:

Some friends don't pay attention to buying insurance, and always buy it casually, but then they feel that this insurance is not good enough and want to surrender it. Surrender is also a matter that needs to be carefully considered, careless, do not understand the knowledge of surrender can read this article to learn".How to surrender insurance, how much can be refunded, and how to reduce surrender losses?

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

Generally speaking, there will be a loss due to the surrender of the policy, unless it is in both cases:

1.Cooling-off period surrender:About 10-15 days from the date of signing the contract, which is the hesitation period of the insurance, if the policy is surrendered within this time period, the premium can generally be fully recovered;

2.Sales misleading:If the signature in the insurance contract is not signed by the person due to the non-standard operation of the salesman when buying insurance, there is a chance that you can get a full refund.

If it weren't for these two special circumstances, there would be a part of the money that basically couldn't be recovered, and it would be good to be able to minimize the economic loss, such as the option to pay off the amount of money:

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.

The economic loss treated in this way is less than the economic loss of surrender, but it may not be suitable for every product, and you need to confirm with the insurance company to know if you can handle it this way.

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

It is best to return the previous insurance after the new insurance has been purchased and the waiting period has passed, and it is best not to have the coverage interrupted due to the surrender and replacement of the policy.

2.Health Status:If the physical condition is already very poor, it is possible that this situation cannot be informed by the health of the new insurance, and it is not recommended to surrender the policy for such a situation.

3.Payment card balance:If you have already thought that the policy will definitely be surrendered, you can empty the money in the bank card where you paid the premium, so as to avoid being deducted when the policy is not successfully surrendered and the payment period is reached.

Regarding the surrender, there are still a lot of details that need to be paid attention to, and I can't finish it in a few words, hope!

It is advisable not to go to the bank to buy insurance because it is unprofessional. So many people will return it after buying it. Look at the cash value in the policy contract, you can know how much to refund.