How to refund the insurance in full, how to refund the insurance in full

There are only two ways to surrender a policy in full:

The first is in the hesitation period.

During this period, the policyholder can apply for full surrender of the policy, which means that the insurance company will refund the full amount of the premium paid;

The second is that the insurance company has violated laws and regulations, and the policyholder has sufficient evidence to prove that the insurance company has these behaviors in the process of selling insurance products, such as signing on behalf of the policyholder, guiding sales, etc., and the policyholder has the right to apply for the full amount.

Except for the above two scenarios, the surrender will not be a full surrender of the policy, but will be based on the cash value of the policy.

Refund, not a direct refund of the principal.

The normal surrender is the cash value, the amount of this surrender is related to the purchase of the product, the cash value of different products is different after the payment is full, of course, generally when the premium is paid, it is not yet the time to return the principal, that is, the premium paid at this time is greater than the cash value.

The cash value has been agreed upon when the insurance company and the policyholder sign the contract, and if the policyholder wants to apply for surrender, he can look at the cash value table attached to the policy in advance to see the corresponding fees.

Of course, there is also a situation where you want to reduce the loss of surrender, some insurance has the function of reducing the amount of payment, the so-called reduction of the amount of friendship, means that if the policyholder does not want to continue to pay the fee, the cash value will not be refunded, but as a subsequent premium, so that the protection continues to be effective. The sum insured that is reduced to the sum insured.

There will be a corresponding reduction. For example, if you have purchased an insurance with an insurance amount of 500,000 yuan before, and you need to add it for 30 years, but you suddenly don't want to pay it after paying it for more than 10 years, if this insurance has the function of reducing the amount of payment, you can reduce the insurance amount to 100,000 yuan, so that the subsequent premiums of this insurance do not need to be paid, and the insurance protection responsibility is still there.

It is important to note that not all policies have a reduced payment function.

The procedures for surrender are based on offline surrender as an example

First, the policyholder calls the insurance company to consult the materials and related matters required for surrender, the most troublesome thing about offline surrender is the time problem, go to the counter to handle the materials must be ready, otherwise the materials may be incomplete back and forth, delaying time.

Second, the basic materials to be submitted are the ID card of the policyholder.

Insurance policy, proof of last premium payment, bank account, etc., policy application.

You can fill it in directly at the counter, and the reason must be in line with the facts, not exaggerated and fabricated.

Third, after receiving the materials, the insurance company will review the facts and refund the premium to the applicant as agreed.

Summary. Hello, dear, the surrender insurance should be able to be refunded in full, and there are three situations in which you can apply for a full refund of the premium: the first is to purchase insurance, and the surrender within 15 days of the hesitation period is a full refund of the insurance premiums paid.

Hello, dear, the surrender insurance should be able to be refunded in full, and there are three situations in which you can handle the full refund of the premium: the first is to purchase the insurance and surrender within 15 days of the hesitation period, which is a full refund of the insurance premiums paid.

The first two are to surrender the policy after the hesitation period, but the cash value of the policy in the year of surrender is greater than the premium, and at this time, not only can the full refund be recovered, but there will also be an indication of the income.

The third is that there are sales violations when purchasing insurance, such as the salesman signing on behalf of the policyholder, promising to give or give the policyholder and the insured benefits outside the insurance contract, and related violations of the sales regulations of the Insurance Law of the People's Republic of China. By appealing to the insurance company and the regulatory department and the China Banking and Insurance Regulatory Commission, the insurance contract was terminated and the full amount was refunded.

The above are the three situations in which the insurance can be refunded in full.

My situation is that I have been paying for four years, but I want to withdraw now, what should I do?

Bring the policyholder's ID card, get the surrender application form at the insurance company's service desk, fill it out and submit it to handle the surrender.

If there is a violation of the relevant provisions of the Insurance Law, you can appeal to the insurance company and the China Banking and Insurance Regulatory Commission to surrender the insurance through the channel of appeal.

So how much can I get back?

Which way do you retreat.

Normal surrender is the cash value of the year you surrender the policy, which can be viewed in the contract cash value table.

Which product are you buying and what is the name of the insurance type?

Le&O Supreme Golden Jubilee.

I haven't paid it for a year, can I still get it back?

OK. Lion Life's Supreme Golden Jubilee is a survival annuity insurance that covers the insured until the insured reaches the age of 88. At the beginning of the insurance, 10% of the liquid reserve insurance amount will be received every year, and a survival annuity will be sold at the age of 88.

You haven't paid for a year and the policy is now lapsed, within the two-year reinstatement period. It is possible to surrender the policy.

The refund is the cash value at the time of lapse of your policy.

You can also apply for reinstatement of the policy by paying the premium and interest.

Life insurance has a 60-day grace period, and if there is no payment during the grace period, it will enter a two-year reinstatement period. The policy contract will only be terminated if there is no payment during the two-year reinstatement period.

What is the cash value of this insurance?

You've been paying for a few years.

4 years. 4-year premium, cash value at the end of the 4th year is about 35% of the premium.

The loss of normal surrender will be relatively large.

For the specific cash value, you can check the cash value table in the policy contract, which is the cash value at the end of the 4th policy year.

About 35% of the premium will fluctuate a little depending on the age and gender of the insured, but there is not much difference.

Generally speaking, the surrender of the insurance policy is largely not refundable.

The hesitation period of the insurance is generally 10 to 15 days, and the consumer generally has no loss or the loss is relatively small, and the insurance company will refund the premium paid by the consumer in full.

Surrender after the cooling-off period, after the cooling-off period, the surrender insurance company usually only refunds the cash value of the policy. The cash value is the money that can be returned when the policy is surrendered, the cash value of the policy is generally written in the insurance contract, the cash value is usually related to the payment time, the longer the policy is in force, the higher the cash value. If the policy is surrendered for a relatively short period of time, the cash value of the policy is very low and there will be a greater financial loss.

If the policy is in force for a long time, the cash value is already considerable, the surrender loss is not so large, and some types of insurance may exceed the sum insured if the policy is in force for a particularly long time.

Generally, the full amount of the premium can only be refunded if the policy is surrendered within the cooling-off period or the insurance is not signed by the person.

Generally, when purchasing insurance, the insurance contract will indicate the hesitation period of the insurance purchased, the hesitation period is a period of time for the policyholder to surrender the policy in full, and the premium can be fully refunded if the policy is applied for surrender during the hesitation period, so when the policyholder wants to surrender the policy, he should go through the surrender procedures with the insurance company as soon as possible, and do not miss the hesitation period; In addition, if the policyholder's insurance contract is signed by another person, such a contract is generally invalid, and the premium can be refunded in full if the policy is surrendered, and if the cooling-off period has passed and the insurance contract is signed by the policyholder, the premium cannot be refunded in full.

Extended Materials. Notes on Surrender of Policy.

The following points should be paid attention to when handling the surrender of the policy:

1.The eligible person to apply for surrender is the policyholder. If the insured applies for surrender, the written consent of the policyholder must be obtained, and the policyholder must clearly indicate who will receive the surrender money.

2.If the policyholder applies for surrender and the contract has been in force for two years, the insurance company will refund the cash value of the policy after receiving the surrender application; If the premium payment is less than two years, the insurer shall refund the remaining part to the policyholder after collecting the insurance premium for the period from the date of commencement of the insurance liability to the date of discharge.

3.The surrenderer is required to provide the following documents when handling the surrender:

1) The application form of the policyholder, if the insured requests to surrender the insurance, the application for surrender of the insurance with the written consent of the policyholder shall be provided;

2) A valid insurance contract and proof of the last payment;

3) Proof of identity of the policyholder;

4) If the application is entrusted to another person, the power of attorney of the policyholder and the ID card of the principal shall be provided.

In order to protect the interests of the insurer or the insured, the policyholder or the insured cannot go through the surrender procedures under the following conditions:

1) Policies that have incurred disability medical benefits;

2) The policy that has reached the survival period (the policyholder has completed the payment obligation to avoid the policyholder from harming the interests of the insured for his own interests).

Insurance policy (the policyholder has completed the payment obligation to avoid the policyholder from harming the interests of the insured for his own interests).

Make full use of the hesitation period: usually the insurance company stipulates that the policy is 10 15 days hesitation period, surrender the policy during the hesitation period, the premium will be 100% refunded to the customer, at most the family pants will deduct a little more policy cost, this is basically negligible, but different insurance companies, different types of insurance, different insurance channels, the hesitation period may be different, this is necessary to understand clearly before applying for insurance.

After receiving the insurance policy, it is necessary to fill in the receipt of the insurance policy in a timely manner, and write a clear and specific date. Because if the policy is to be surrendered during this period, the insurance company's determination of the cooling-off period is calculated according to the date of the receipt form.

After getting the insurance policy and the receipt form, the policyholder needs to carefully read the specific insurance terms, especially for the content that the policyholder does not understand or is not clear, and must understand it clearly, so as not to cause unnecessary losses or misunderstandings to individuals when surrendering the policy or encountering problems.