What should I do if I bought money insurance and now regret it?

No matter which insurance you purchase, you can only refund the cash value of the policy if you want to surrender it halfway, unless the insurance has not been purchased for a long time and is still within the policy cooling-off period, in which case the policy can be surrendered in full。Many people buy insurance on the spur of the moment, perhaps moved by the enthusiasm of the insurance salesman, or they may think that insurance is really useful, in short, they sign the insurance contract in a daze, without considering their own financial ability and the practicality of this insurance.

After signing the insurance contract, I calmed down and found that I didn't seem to need this insurance, and I began to regret buying it. Almost every insurance will have a hesitation period of about 10 to 20 days, during the hesitation period to surrender the policy, the insurance company will only deduct about 10 yuan of the production cost, and the rest of the premium can be fully refunded, this hesitation period is a bit similar to the cooling-off period, the purpose is to let the customer calm down and think seriously to prevent the customer from regretting. In this regard, the insurance company is very user-friendly.

If the cooling-off period has passed, then the surrender business can only be handled in accordance with the normal procedures. The insurance contract signed at the beginning not only protects the legitimate rights and interests of the insured, but also protects the rights and interests of the insurer, which is a double constraint. Therefore, it is okay to surrender the policy, but the loss of the insurance company must be borne by the policyholder.

The insurance company will calculate the cash value of the policy based on the policyholder's situation, which is the fee that will eventually be refunded to the policyholder. The premiums paid by each person, the length of payment and the terms of the policy are different, so they need to be calculated specifically, and there is no fixed amount.

If you are able to accept this loss, you must go to the insurance company as soon as possible to handle the business to prevent the insurance company from directly deducting the next year's premium from the bank card, which is equivalent to another loss. Handle business as soon as possible in order to stop loss in time. And when buying insurance in the future, you must think carefully about it, and don't be so impulsive again.

Then you can only go to the relevant place to surrender the policy, so that you will not feel particularly regretful, and you can also get a good handling.

You can go to the insurance company for a refund with all your purchase contracts and purchase procedures, so that you can get all your funds back.

Surrender. Because the insurance is refundable, you can choose to surrender the policy if you regret it.

I bought insurance and want to surrender it, and now I regret it, how to do it I can return it, but it is impossible to say how much money I can refund, because the terms of the insurance will add some additional insurance clauses, and these terms are legal, that is, how many years you must pay for your insurance to be able to trigger certain conditions, and then give you another proportion of this reward. Otherwise, if you cut off the payment or surrender the money returned to you, only your original principal or principal will be deducted from a part of the handling fee and the like. <>

Insurance doesn't give you room to regret, to be clear, that's basically it, because insurance he doesn't want you to return a lot of insurance casually, he looks at the long-term, he doesn't expect you to be able to give him a lump sum of money in the short term, that is, he charges you a few hundred dollars a year, and he is like this for 10 years and 20 years. And you think that a few hundred yuan a year is not a lot of money, so you pay it, and slowly let you develop a habit, that is, at that time every year, you think about whether you should pay insurance money, you think that this is a daily expenditureYou don't think about whether the expense is reasonable, you don't think about whether the insurance will work, which is why most multi-year insurance plans exist. <>

Now you have to return this insurance, if it is the kind that has been around for a long time, it is the ten-year one you bought, and it has been paid for three years now, and you want to return it and you say I won't pay it, okay? Okay, you don't pay, of course they can't do anything to you, this insurance is not like a commercial activity, it's not that you sign a contract I pay for 10 years, if you don't pay, you have to face a fine, the insurance company has no such right, and he can't stipulate that such a clause has no legal effect. However, the fees you have paid in the past may not be refunded to you, because people will deduct your terms in various names.

Insurance companies are specialized in this, insurance companies encounter a lot of legal disputes, they have a special legal department, if you don't mind, you can try with their legal department, you see if you can beat the insurance company's legal department by your own strength, if not, then you can only accept their terms, because the insurance company has a special department, people must have thought of all the legal consequences,Otherwise, what does this department do? Why do you give them so much salary, so you can return, but you don't expect to get much money.

You can choose to return it, you go directly to this company and tell them that you want to push off this insurance, and they will do it for you.

Then you can only contact the other party, and you should also tell the other party that you don't want it anymore, and you should also tell the other party to return the money.

You can negotiate with the insurance specialist that you can surrender the policy if it is within the cooling-off period, and if it is after the cooling-off period, you cannot surrender the policy.

I regret buying insurance for a month and want to surrender the policy, how can I reduce my losses.

1. The application for the insurance policy is invalid. This point is more difficult, that is, to prove that the policy was not bought by the individual without the consent of the individual, for example, the signature was not signed by himself, the ID card was not his own, and the insurance company did not have a return visit ......

That is, either to prove that you are putting yourself in the oolong, or to prove that the insurance company is wrong. However, in reality, it is all written clearly in black and white, so few people can use this trick.

2. Take advantage of the cooling-off period of the policy. Generally, everyone will have a hesitation period of about ten days after insurance (the specific time depends on the regulations of each company), in these ten days, if you want to regret surrendering the policy, you only need to pay more than a dozen yuan of the cost, which is equivalent to the usual 7 days of unconditional refund for online shopping. Therefore, if you have just bought the insurance and find that it is not suitable, you should hurry up and surrender the policy within the cooling-off period.

3. Make good use of the deferred payment function of the policy. In fact, this is no longer a surrender strategy, in the final analysis, in addition to the hesitation period surrender is more cost-effective, other times there is no need to entangle, no need to quarrel, everything can only be done in accordance with the contract, no matter how much it is useless. However, people often have a time when they need money urgently, and if the insurance policy can be kept, they don't want to take out all the money because of temporary needs and cause a lot of losses.

At this time, you can make good use of the deferred payment function of the policy. Generally, the insurance company will have 60 days of free deferred payment time, if you are tight, you can apply to the insurance company for deferred payment, one can keep the policy, and the other can make your cash flow slightly looser.

However, the insurance company can help you keep the policy for two years, and as long as you can make up the unpaid premiums and overdue fees within two years, the policy will still be in effect.

If you regret buying insurance, you can try to consult the insurance company if you can return it, or you can only learn a lesson.

Cooling-off period

10 days from the date you sign the policy is the hesitation period (some products are 15 days, subject to the contract), note that this is the day you sign the policy, if the salesman gives you the policy, the day you sign, not the day you pay. If you surrender the policy during the cooling-off period, you will be deducted 10 yuan of production cost, and then the other premiums will be refunded to you. Therefore, when we receive the insurance contract, we must carefully understand the specific content of the insurance, which is the first 10 days to avoid our loss.

Cash value

What is cash value? There is generally an explanation in the contract as to what is "based on actuarial principles......It may be difficult to read. To put it simply, it is the money you can get after the hesitation period, and this money will be much less than the premium you pay in the early stage, well, it is a lot less, not a little less, remember.

For some types of insurance with financial management functions, the cash value will increase, and it may exceed the premium you paid in the later stage. In other words, after the 10-day hesitation period, you suddenly regret it and want to stop getting this insurance, then you will get the "cash value" of the policy, and you will lose a lot compared to the premium you paid.

Reduced payment

In layman's terms, reduced payment means that the cash value of the policy is used as a premium to pay the policy in a lump sum. The cash value is less than the premium, and it is paid all at once, so the amount of protection you get will be much less. But at least it gives you one more choice, and sometimes people work hard just to have one more chance to choose in the future?

Whether you use it or not, it's up to you.

Sunk costs

Many people regret that when they want to surrender the policy, they are struggling with the cash value being too low, and if they surrender the policy, they will lose too much compared to the premium. First of all, I don't encourage blind surrender, but if you still feel that you should surrender the policy after careful consideration, and then you are heartbroken and lose money, you can also consider surrendering. We may be better informed by understanding what sunk costs are.

Sunk costs are costs that cannot be changed by any decision in the present or future because a decision has already occurred in the past. That's a mouthful of a definition, isn't it? In layman's terms, if things in the past can't be changed, don't think too much, if you feel that it was wrong to buy this policy in the past'It would be more wrong to continue to buy, so why add mistakes to mistakes?

Grit your teeth, look forward, start over, and do what you can control.

Finally, don't forget the original intention of buying insurance, if you want to transfer financial risks through insurance, remember to buy some suitable insurance products in time. Regret often happens when what is in front of you is not what you want, and it is good to find the right one.

If you regret buying the insurance, you can choose to surrender the policy and exchange it for another insurance product. However, there are many details that need to be paid attention to when surrendering insurance, and I will give you a detailed science popularization below.

Friends who don't know enough about insurance, you must understand these situations before applying for insurance: before buying insurance, you must first understand these key knowledge points!

If you don't want this insurance, or want to replace it with other insurance, you can choose to surrender the insurance.

However, the surrender of the insurance is not as simple as we think, because the surrender of the insurance may not be refunded in full.

The surrender of the policy is divided into surrender during the cooling-off period followed by surrender after the cooling-off period.

Generally speaking, the insurance contract will set the corresponding number of days of cooling-off period, such as 15 days of cooling-off period, if the consumer surrenders the policy within the cooling-off period specified in the insurance contract, then the full premium can be refunded. However, the insurance company may ask for a certain cost of production, but the loss is not large.

However, if the consumer surrenders the policy after the cooling-off period, the cash value of the insurance policy at that time will be refunded. The cash value of most insurance policies is very low, which may be much lower than the premiums paid, which means that if you surrender the policy after the cooling-off period, the money you can refund is basically far from the premiums paid.

Regarding the surrender of the insurance, these things should be noted: What details should be paid attention to when the insurance is surrendered?

Generally speaking, in most cases, especially after purchasing protection insurance, it is not recommended that consumers surrender the policy.

If it is surrendered during the hesitation period, it is better to say, after all, the loss is not big; If you surrender the policy after the hesitation period, you will not only have to bear the corresponding financial losses, but also face the risks brought by the gap in the protection period.

For insurance, we can also understand these aspects: What are the benefits of buying insurance? A lot of people think too much.