I bought it and wanted to surrender the policy, how to return 5

Xueba talks about insurance, focusing on insurance evaluation! When buying critical illness insurance, you should take it seriously and consider carefully, in case you buy the wrong policy and surrender the policy, there will be losses, and these types of critical illness insurance are relatively easy for people to regret when they buy themTop 10 [Not Worth Buying] Critical Illness Insurance Points!

Many people buy insurance casually, but later they want to surrender it because they are not satisfied with the insurance they bought. Therefore, the surrender of the policy is very sloppy, the key knowledge points of the surrender are not to know when the surrender of the policy, see this article for detailsHow 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.

Normally, surrender will cause us financial losses, except for these two cases:

1.Cooling-off period surrender:After purchasing insurance, there will generally be a hesitation period of 10-15 days as the insurance, and surrendering the policy within this period will generally not cause the loss of premiums;

2.Sales misleading:If the salesman has an irregular operation when the insurance contract is signed, and the signature that makes the insurance contract effective is not signed by the person, the chance of returning the entire premium is very large.

If the actual situation does not meet these two types, the loss of a part of the money is unavoidable, we can only find ways to minimize the economic loss, such as the choice of reducing 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, but it may not be suitable for every product, and you need to check with your insurance company for specific circumstances.

In addition,These situations should not be taken lightly when surrendering:

Generally speaking, it is advisable to surrender the old insurance policy after the waiting period for the new insurance has passed, so as to avoid the lack of protection in the middle of the journey.

2.Health Status:If your physical condition is not as good as before, it is not impossible to pass the health notice of the new insurance, and it is not recommended to surrender the policy.

3.Payment card balance:If you think that you want to surrender the insurance, it is best not to put money in the bank card that pays the insurance premium, so as to avoid being deducted when the payment period is reached.

The precautions for surrender are not limited to this, so I will not describe them in detail here, if you want to know the details, you may wish to take a look at this articleWhat are the details to pay attention to when surrendering an insurance policy? Hope!

According to the relevant laws of the state and the regulations of the Insurance Regulatory Commission, life insurance will be refunded after deducting relevant expenses if the life insurance is surrendered within 2 years; Surrender after 2 years will be refunded based on the cash value of this policy, which is available on your insurance contract.

If it is a protection product, it is heavy on protection and light on income, and the cash value will be very low, about 30% of the premium paid.

If it is a wealth management product, the cash value is higher.

Commercial insurance generally has a 10-day hesitation period, if it has not passed, it can be refunded, deducting 10 yuan of production cost to refund the premium.

The surrender agreement for the first year is only 30% of the principal, and the cash value table of the contract has detailed reference data! You can apply for a full surrender within 10 days of purchase!

According to the provisions of China's insurance law, the salesman should explain the surrender and income in detail when the customer handles it at that time, otherwise it is a phenomenon of misleading customers in violation of regulations and will be terminated by the company!

Surrender: The policyholder can bring his ID card, insurance policy, and savings card to the counter to fill in the surrender application!

I took the policyholder's ID card and went to the insurance company's counter to handle the policy. During the cooling-off period, the premium will be refunded after deducting the production cost of 10 yuan, and the cash value of the policy will be refunded after the cooling-off period.

Commercial insurance generally has a hesitation period of 7 to 10 days, if it has not passed, it can be refunded, but consumer-based accident insurance cannot.

It's okay if you haven't passed the hesitation period (usually 10 days), if the hesitation period has passed, then it is recommended that you contact your ** person or 95511 for consultation.

I bought the Pacific Jintai Life in September this year, and now I want to surrender the insurance, how to return it.

Under normal circumstances, if we surrender the policy during the cooling-off period, the insurance company will refund the premium we have paid without interest after deducting some production costs.

Under normal circumstances, what should we pay attention to if we need to surrender the policy? Here's what the experts have to say: What are the details to look out for when surrendering your insurance?

Of course, under normal circumstances, it is not recommended that you buy insurance and then surrender it, if you really need to surrender the insurance, you should pay attention to the following information.

1. Surrender the policy during the hesitation period.

Every insurance product will have a cooling-off period, and if you realize that the insurance you bought is not suitable during the cooling-off period, then we can apply for a surrender. Because most products have provisions in the terms: surrender during the hesitation period, generally deduct the cost of production or directly do not deduct the fee.

That is to say, surrendering the policy during the hesitation period is almost no major financial loss.

But here's what we need to pay attention to! The hesitation period is not the same for all insurance products, some products have a hesitation period of 10 days, and some products have a hesitation period of 15 days, depending on the terms of the product.

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

If the policy is surrendered after the cooling-off period, even if the policy is surrendered normally, generally at this time, what we can get back is basically the cash value of the policy.

If we take out a long-term policy, we will generally get back very little cash value if we surrender the policy in the first few years, which means that we will have to bear most of the financial loss.

Under normal circumstances, if we need to surrender the policy, how can we reduce our own losses? Let's take a look at what the experts have to say: How to return an insurance surrender, how much can a surrender be refunded, and how to reduce the surrender loss?

1. Submit a surrender application. The surrenderer should collect and truthfully fill in the surrender application form, explain the reason for surrender and when the surrender began, sign or seal it, and submit the application form to the business management department of the insurance company.

2. Prepare surrender materials. The surrenderer should start to prepare the surrender materials stipulated by the insurance company, including: his ID card, insurance policy, etc. However, there is a slight difference in the information required for surrender during the cooling-off period and after the cooling-off period.

3. Go through the surrender procedures. The surrenderer should bring the surrender materials to the counter of the insurance company to go through the relevant surrender procedures, and fill in the relevant information according to the prompts of the staff to complete the processing. If you pass the review, you can receive the surrender benefit.

If you buy the wrong insurance and plan to surrender the policy, you can handle the surrender under the requirements of the insurance company, you can follow the above process, and the insurance you purchased will bear a certain economic loss after the hesitation period. Therefore, it is best to think carefully before surrendering the policy, and the general hesitation period is 10 days.

Test your anti-risk index, experts will interpret it for you for free!

If within the 10-day hesitation period of purchasing insurance, only 10 yuan will be charged for the cost of surrendering, and all the expenses will be returned.

If it is not within the cooling-off period, then the cash value can only be refunded, and the cash value can be checked in the policy, and you can check the corresponding cash value according to your own payment method and the number of years you have insured. However, if you surrender the policy a few years before the policy, the cash value may be very low, only 10%-30% of the premium paid, which will cause you a certain loss. Careful consideration is advised.

The procedures are relatively simple, as long as you bring your ID card, policy and surrender application to the insurance company for processing.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Surrenderable policy. 1. Surrender during the hesitation 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.

2. 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 life 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 long-term life insurance contracts, the insurance company is usually required to deposit a certain amount of liability reserves in order to fulfill its contractual obligations.

When the insured requests to terminate or surrender the policy for any reason during the validity period of the insurance, the insurance company shall refund to the insured the balance of the liability reserve minus the cancellation deduction according to the regulations, and this part of the amount is the current value of the policy.

The insurance you just bought can be surrendered, generally within the hesitation period (10 days, 15 days, 20 days after the insurance is applied, the specific number of days is subject to the insurance contract) to surrender the premium paid, and the surrender after the hesitation period is the cash value of the refundable policy. If you need to surrender the policy, you can usually do the following:

1.Find an insurance salesman to handle the surrender procedures and sell the insurance. The policyholder can contact the insurance salesman, and then hand over the policy, a copy of his ID card and a copy of his bank card to the insurance salesman, who will handle the surrender procedures on his behalf;

2.Self-surrender. The policyholder can bring the policy, ID card and bank card to the offline service outlets of the insurance company to go through the surrender procedures;

3.Online surrender. Some insurance products can be directly ** on the surrender procedures, for example, Chinese Life Insurance can be surrendered in the "China Zhongkai Life Insurance" APP, click on the home page to enter "more", you can see "Internet business surrender", click to enter, select the policy that needs to be surrendered.

The above operation environment:

Phone model: Xiaomi 12

System version: MIUI 13

You have just purchased insurance that can be refunded, but it will not be refunded in full.

Yes, it can be refunded. However, fees may be charged.

Hello! The cash value is refunded at the time of surrender, also known as the "cancellation refund" or "surrender value", which is the amount that the insurance company should refund to you when you request the cancellation or surrender of the policy.

The cash value of the policy = the premiums paid by the policyholder The amount of the insurance company's management expenses allocated to 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 + the interest accrued on the remaining premium.

As for the amount of cash value or loss you can get after surrendering the policy, it is based on the provisions of your insurance contract, it is recommended that you read the relevant content of the surrender or cancellation clause of the insurance contract in detail, and you can also consult the relevant customer service staff of the insurance company.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Hello, it's a pleasure to serve you! I am Mo Yu A high-quality financial respondent, good at answering bank payments, social security, insurance, taxes, etc.! I have received your question and am searching for data, please be patient for a while

Kiss. Hello dear, you can take a look at the insurance surrender process.

After confirming that you meet the surrender conditions, you should prepare relevant surrender materials as required, generally you need to prepare your valid ID card, bank card, first invoice, first policy contract, etc., it is recommended to prepare the original and copy;

Then bring the materials to the local insurance company counter to go through the surrender procedures, you need to receive and fill in a "Application for Termination of Insurance Contract", fill it out and hand it to the insurance company staff, and also fill in some documents to explain it, and see the signature;

Then specify the bank account you will use to surrender the policy, and if it is a new card, give a copy of the other party's bank card; Wait for the insurance company to review, and the insurance company will transfer the money to the designated bank account.