New China Life Insurance: Jianle Whole Life Critical Illness Insurance has been paid for 13 years, c

If you want to surrender the insurance, the first thing that comes to mind must be, how much money will be refunded, and how can you refund more? This guide can help you:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

How much money can be refunded from the policy is divided into these three situations:

(1) Full surrender

Usually these can be fully surrendered:

1.Surrender during the cooling-off period

There will be a hesitation period to buy insurance, and the surrender of the insurance during the hesitation period can refund all the premiums, and the cost of production will be charged about 10 yuan, and the hesitation period is usually calculated after the contract receipt is signed, most of which are 10-15 days, and the contract will be written clearly.

2.It is signed

Because some salesmen do not operate in a standardized manner, and the person who signs the insurance contract is not me, in this case, you can apply for a full refund.

3.There is evidence

If the person violates the rules or deceives the consumer, if there is evidence, the full amount can be refunded if the application for surrender can be made.

(2) Refund of cash value

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

If you want to surrender the policy and want to know the cash value of the policy, you can read the contract or call the insurance company **, which can generally be calculated like this:

(3) Return of cash value + dividends

The cash value has been mentioned above, and here we will talk about dividends. Dividends are generally divided into two parts, one part is that the fixed insurance money will be given to the customer, and the other part is the insurance money paid to the customer according to the operation of the insurance company, which is uncertain and called the dividend. The detailed explanation is here:

"Demystifying the Mystery of Dividend Insurance".

Obviously, if you surrender the policy beyond the hesitation period, you can only return less than the money paid in the premium, which means that there will be a lossWhat are the details to pay attention to when surrendering an insurance policy? 》Hope!

No matter how many years of insurance you have paid, surrendering the policy will incur a certain lossMind thinking carefully.

What are the details to pay attention to when surrendering an insurance policy?

In general, only the cash value can be refunded with the policy. For the specific amount of refund, you can see the following picture:

But there are exceptions where you surrender the policy without a loss

Cooling-off period surrender:I believe that people who buy insurance know that there will be a statement about the hesitation period in the policy contract, which is generally 10-15 days after buying insurance, and there is usually no loss when you choose this time to surrender the policy, but the subject has paid it for 13 years, and this condition is no longer met.

Sales misleading:If the salesman has an irregular operation when the insurance contract is signed, and the signature in the insurance contract that makes the contract effective is not signed by the person, it is possible to refund the entire premium.

So how to minimize the loss of surrender?

There is an option to reduce the amount to be paid. To put it simply, you don't ask for a refund, you can offset the current cash value as a premium, you can insure as much as you want, and you won't pay any more in the future, and the protection is still effective, but the sum insured will be reduced. This will be more cost-effective than direct surrender, but whether it can be operated depends on the insurance company.

How do I get my insurance back? How much can I surrender and how can I reduce my losses?

Conclusion:

As a warm reminder, when surrendering the policy, you must check the provisions of the policy contract on cash value, cooling-off period and other provisions in detail, so that you can surrender the policy with peace of mind and surrender safely.

The above is mine, hope!

If you surrender the policy, you will look at the amount of "cash value" on your contract, and the "cash value" corresponding to the number of years you have paid the premium is the money that can be refunded when you surrender the policy, and generally speaking, there will be a loss of principal.

I don't know why you want to surrender the policy, generally speaking, if it is because of the pressure to pay the premium, you can see if there is a "reduction payment" item on your contract, if there is a "reduction payment" to solve the problem, so that the cost of protection is also reduced, but at the same time, the sum insured is also reduced.

Because once the insurance is insured, it is recommended to continue, and there will be a greater loss when the policy is surrendered.

Please call New China Life directly.

The critical illness insurance of Chinese Life Insurance can only get back the cash value after three years of surrender.

Bought critical illness insurance from an insurance company. Handed over for three years. How much can I get back when I surrender the policy?

First, it is not advisable to surrender the policy. Because there is a lot to lose when you surrender the policy. Critical illness is a very important type of insurance. There is no one who eats whole grains without getting sick. The probability of a person getting sick in a lifetime is 72%. Keep it, it will be useful later.

Second, if you do surrender the policy, you can only refund 30% to 40% of the premium paid. Therefore, if you are not in a hurry to use the money, it is better not to surrender the policy.

The critical illness insurance of Chinese Life Insurance can only get back the cash value after three years of surrender, and only 30%-40% of the premium paid can be refunded if the policy is surrendered. If you don't surrender the policy, the cash value will increase over time.

1. How to surrender the policy correctly?

1.The surrender loss is small during the cooling-off period.

During the hesitation period, the insurance company will unconditionally refund the premium paid in full, and there is basically no loss in surrender at this time, which is also a certain critical period.

2.Surrender after the waiting period for new products.

Once we have the determination to surrender the policy, then the first thing is to supplement the corresponding protection for ourselves, so the surrender of the policy should try to wait until the waiting period of the new product before refunding, because even if the insured is unfortunately out of danger during this time, then you can still use the product you intend to surrender to make a claim.

3.It is more cost-effective to surrender the policy after the grace period.

The grace period of insurance is 60 days after the consumer stops paying premiums, during which time the consumer can still get insurance protection even if the consumer does not pay the premium, and the insurance company will also pay the insurance during this period.

After 3 years of life insurance, surrender can only return the cash value of the policy.

The surrender process for life insurance is as follows:

1. When the surrenderer surrenders the insurance, he must first submit the surrender application to Chinese Life, explain the reason for the surrender and when the surrender began, and sign or affix the official seal;

2. After reviewing the surrender application, Chinese Life will issue a surrender approval form, which will indicate the surrender time and the amount of premium to be refunded, and at the same time withdraw the insurance policy;

3. The surrenderer can go to Chinese Life to receive the refundable insurance premium with the surrender approval form and ID card.

The following documents need to be brought with you when surrendering a life insurance policy:

1. Application for termination of insurance contract;

2. ID card of the policyholder;

3. A copy of the passbook of the personal bank settlement account in the name of the policyholder;

4. Insurance policy;

5. The original payment voucher for the last installment.