How much can be refunded by surrendering commercial insurance, and how much can be refunded by surre

According to the provisions of relevant laws, if the insurance is surrendered before the commencement of insurance liability, a surrender fee of 3% of the insurance premium amount shall be deducted; If the insurance is surrendered after the commencement of the insurance liability, the insurer will refund the remaining part of the premium. If the premium is 10,000 yuan, if the policy is surrendered before the start of the insurance, only 3% of the handling fee is 300 yuan, and the surrender is 9,700 yuan; If the policy is surrendered after 100 days, the surrender amount is 10,000 ((365-100 days) 365 days) = RMB.

Legal basis: Model Clauses for Comprehensive Commercial Insurance of Motor Vehicles of Insurance Association of China Article 68 Before the commencement of insurance liability, if the policyholder requests to terminate this insurance contract, it shall pay the insurer a surrender fee of 3% of the amount of the insurance premium payable, and the insurer shall refund the insurance premium.

If the policyholder requests to terminate this insurance contract after the commencement of insurance liability, this insurance contract shall be terminated from the date of notification to the insurer. The insurer collects the premium for the period from the date of commencement of the insurance liability to the date of termination of the contract on a daily basis, and refunds the remaining part of the premium.

Summary. Hello dear! We'll be happy to answer for you; About 50% of the surrender of commercial insurance can be refunded.

General insurance companies stipulate that the policyholder receives the policy after ten days for the hesitation period, if the hesitation period surrenders, the policyholder needs to bring the policy, ID card and card within 10 days of the policy to the insurance company directly to surrender, the hesitation period surrender will not lose the insurance principal, only need to bear the cost of 10 yuan.

How much can I get back if I surrender my commercial insurance.

Hello dear! We'll be happy to answer for you; About 50% of the surrender of commercial insurance can be refunded. General insurance companies stipulate that the policyholder receives the policy after ten days for the hesitation period, if the hesitation period surrenders, the policyholder needs to bring the policy, ID card and card within 10 days of the policy to the insurance company directly to surrender, the hesitation period surrender will not lose the insurance principal, only need to bear the cost of 10 yuan.

Taking Guofu Life Darwin No. 6 Critical Illness Insurance as an example, if a 35-year-old woman buys 300,000 yuan of insurance, guarantees for life, pays in 30 years, and does not provide any additional terms, the first year of payment is 3948 yuan, let's take a look at different age stages, how much can be refunded by commercial insurance surrender: (1) adult women are 36 years old, surrender 240 yuan, and the principal is 3948 yuan; (2) Adult female 40 years old, surrender 5,262 yuan, principal 19,740 yuan; (3) An adult female is 45 years old, surrendered 19,107 yuan, and the principal is 39,480 yuan; (4) Adult female 50 years old, surrender 36,531 yuan, principal 59,220 yuan; (5) An adult female is 74 years old, surrendered 118,440 yuan (cumulative payment), and the principal is 111756 yuan.

There are three ways to surrender commercial insurance: first, go to the company in person to handle the materials, including the surrender application, the policyholder's ID card, a copy of the bank card, the insurance contract and the insurance premium invoice.

The second method is to entrust the salesman to the business hall to handle the materials, including the surrender application, the power of attorney, the policyholder's ID card, the copy of the bank card, the policy and the insurance premium invoice.

Extended Information:1Surrender is the cancellation of the insurance policy, after the signing of the insurance contract, the two parties can terminate the contract by agreement or in accordance with the laws of the country, in most non-personal restricted term insurance policy formats generally have a clause for cancellation of the insurance policy, stating the conditions for either party to cancel the policy before the expiration.

In order to protect their respective interests and not suffer unreasonable damage due to the termination of the insurance contract, the corresponding insurance premium shall be refunded after the cancellation of the policy, and if the policy is not effective, the insured can recover all the insurance premiums, and the guarantor shall also have the right to charge the minimum premium or handling fee.

2.If the insured person cancels the insurance policy during the validity period of the insurance policy. The insurance premium shall be paid at the prescribed rate, and the insurer shall deduct the entire insurance premium from the insurance premium payable.

The subsequent balance shall be refunded to the insured, and if the insurer requests cancellation of the insurance policy, the unexpired portion of the premium shall be refunded to the insured on a daily basis.

3.Insurance surrender depends on the specific situation, which is generally divided into two forms: hesitation period surrender and non-hesitation period surrender, and there is generally a hesitation period of about ten days after insurance. If you surrender the policy within this time, it will deduct any expenses, in the field of insurance, such a saying is called cancellation, if there is no surrender, you can only surrender the policy according to the cash value agreed in the contract, assuming that if you want to return, the principal may lose about 50%, or even higher.

4.That is to say, the premium can be refunded unconditionally within how many days the policy is surrendered on the assumption date or how many days after the policy is obtained, and there will be no economic loss. If you choose to surrender the policy because of too much financial pressure, you can only reduce the loss by reducing the amount of payment, and the so-called reduction payment is to reduce the amount of insurance.

The cash value is used as the premium, and there is no need to pay any further premiums in the future, and the policy is still valid.

How to surrender commercial insurance? The customer service will inform you of the materials required when applying for surrender, including the policyholder's ID card, bank card, insurance policy, invoice, etc.;

The surrenderer should bring the materials to the local outlet to fill in the application form for termination of the contract;

Determine the refund account after the surrender of the policy, i.e. the bank card;

At the same time, the surrender of the policy will be handed over to the insurance company, and the insurance company will refund to the designated bank card at the agreed time, and the funds will arrive in the account within about 3-5 working days.

Under what circumstances is it advisable to surrender the policy?

Under the premise of insufficient protection, they bought wealth management insurance: low- and middle-income people bought commercial insurance, and found that the wealth management insurance was insufficient protection, the premium was expensive, and the income was low, so it was recommended to surrender the insurance;

If you want to be healthy, you should buy savings insurance: savings insurance has fewer protection functions and is generally low when you have a limited budget. If you want insurance with other functions later, you can consider surrendering the policy.

Although surrender of the policy will temporarily lose a sum of money, it is not applicable and is actually a waste.

Those who plan to surrender the insurance must first think about how much they will refund and how much they can return? Let's put a guide first:《 How to refund insurance surrender, how much can be refunded, and how to reduce surrender loss? 》

How much can be refunded by surrendering the policy, which can be divided into these types:

(1) Full surrender

Usually these can be fully surrendered:

1.Surrender during the cooling-off period

There is a hesitation period for insurance, if you are still in the hesitation period when you surrender the insurance, you can surrender the policy in full, and you will deduct about 10 yuan of the cost of production, usually the beginning of the hesitation period is after the receipt of the contract receipt, generally about 10 days, and the contract will be written clearly.

2.It is signed

Because some salesmen do not operate in a standardized manner, the insurance contract is signed on behalf of the company, and in this case, the application for surrender can be refunded in full.

3.There is evidence

If there is evidence that can prove that the person violated the rules or deceived the consumer, in this case, the application for surrender can also be refunded in full.

(2) Refund of cash value

If the policy is surrendered outside the hesitation period, only the cash value will be returned, and usually only savings life insurance has cash value, such as endowment insurance, whole life insurance, term life insurance with a term of more than one year, long-term consumption critical illness insurance, savings critical illness insurance, endowment insurance, universal insurance and participating insurance. General accident insurance and one-year medical insurance 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 **, and the calculation can be calculated using the following formula:

(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 agreed to give the customer a fixed insurance premium, and the other part of the insurance money to the customer is related to the operation of the insurance company, and this part of the uncertain insurance money is called a dividend. The detailed explanation is here:

"Demystifying the Mystery of Dividend Insurance".

Obviously, if you surrender the policy beyond the cooling-off period, the money returned is less than the premium paid, which means that there will be a lossWhat are the details to pay attention to when surrendering an insurance policy? 》

Generally speaking, if the insurance product has not been insured for a long time, the surrender loss is relatively large, because the surrender is the cash value, and the cash value increases with the time of insurance.

1. How to surrender the policy correctly?

1.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, because after the surrender, if there is no new product to provide protection, then the consumer will have a gap in protection.

Therefore, the surrender of the policy should try to wait until the waiting period of the new product before returning, because even if the insured is unfortunately insured during this period, then you can still use the product you intend to surrender to make a claim.

However, if the policy is surrendered directly, and the new product is in the waiting period, the insurance company that buys the new insurance will not be liable for compensation during this period.

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

If you really feel that the insurance you bought is not suitable and you have lost a lot of money, then try to surrender the policy during the hesitation period.

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.

If the consumer has already made up his mind to surrender the policy, he or she may wish to wait until the grace period is over before surrendering the policy, which is equivalent to enjoying a longer protection period.

If you regret the insurance after taking the insurance, you can choose to surrender the policy. If the insurance you purchased has a cooling-off period, you can unconditionally surrender the policy and get back the corresponding premium, with basically zero loss.

The cooling-off period refers to the period within 10 days from the date of receipt and written receipt of the insurance policy by the policyholder. Life insurance products of more than two years generally have a cooling-off period. During the insurance hesitation period, if the insurance payment does not occur, the policyholder has the right to apply to the insurance company to terminate the insurance contract, and the insurance company will refund the premium paid by the policyholder without interest after deducting a certain amount of cost (if the insurance company has been examined by the insurance company before underwriting, the insurance company generally requires that the medical examination fee be deducted).

Different insurance companies have different business regulations, and the same insurance company has different types of insurance surrender regulations and procedures, so it is recommended that you contact the insurance company for verification. If you need to consult Ping An Insurance, you can call Ping An Life 95511-1, Ping An Auto Insurance, Property Insurance, Accident Insurance 95511-5, and Ping An Pension Group Insurance 95511-6.

First of all, it is not recommended that you surrender the policy, because there is a direct financial loss and you are in a state of insecurity.

It is still necessary to choose insurance carefully, and try not to return it if you choose.

As for how much money can be returned, you can first look at the cash value table in the policy, according to the number of years you can calculate an approximation, if you are troublesome, call the customer service **, ask how much money can be returned if the policy is surrendered. The numbers obtained are the most accurate.

During the cooling-off period, only a handling fee will be charged.

The cash value of the policy will generally be large if you surrender the policy during the hesitation period, so you should consider it carefully if you surrender the policy in the middle of the policy.

Hope it helps.

The surrender of commercial insurance is generally divided into two situations: surrender during the hesitation period and surrender after the hesitation period. Generally, if the policy is surrendered during the cooling-off period, the premium can be refunded in full, and the maximum cost of the insurance contract will be deducted from 10-20 yuan; If the policy is surrendered after the cooling-off period, only the cash value of the policy will be refunded, and if the cash value of the policy and the premium paid cannot be matched, the policyholder will apply for surrender of the policy, resulting in a loss of personal funds.

Therefore, buying insurance should not only be cautious, but also need to consult more, understand more about premiums and other related issues, to ensure that you do not regret it, if you really have bought insurance before you think of consulting and surrendering the policy, as long as you are still in the hesitation period, you can stop the loss in time.

Focus! Be sure to pay attention to these when surrendering the policy: "How to surrender the most cost-effective?" 》

If you are sure to surrender the policy, then you can directly surrender it. After the cooling-off period, the surrender of the policy can only return the cash value, not the premium paid, and the surrender loss in the previous years is larger. The cash value can be seen in the policy, corresponding to how much money can be returned in the first few years of surrender.

If the cooling-off period has passed, only the cash value will be refunded. We can understand that after the "no reason to refund" period, the goods can only be sold back to the insurance company with the ** of the second-hand goods, and the insurance company has clear regulations on the depreciation rate of the "second-hand **" - the cash value table. The cash value generally increases with age, reaches a maximum during the period of high incidence of geriatric diseases, and then slowly declines.

In the past few years, the surrender of the policy has indeed caused a relatively large loss. That's the sunk cost, we can't ignore the past investment, and even if it creates a certain amount of distress in the future, many people are reluctant to let it go.

Under the premise of insufficient protection, I bought wealth management insurance.

Low- and middle-income people have purchased this insurance, which is under-protected, expensive and low-yielding. If the annual premium paid exceeds 10% of the annual income, surrender the policy as soon as possible, so as not to waste all your hard-earned money.

I want health protection, but I buy savings insurance.

Savings insurance often has fewer protection functions, and the amount of insurance purchased is generally low when the budget is limited. This situation is mostly seen offline, under the "wind blowing in the ears" of the ** people around you, this kind of situation of buying the wrong insurance should be considered to surrender the policy. Although surrender will make you lose a sum of money temporarily, but after surrendering the policy, you can really save thousands of dollars a year, and the current loss of money is not "never made up", and the money saved will be used for investment and financial management in the future, not only the loss can be made up, but also more can be earned.

Surrender the policy after the cooling-off period for new products.

Don't put yourself in a "streaking" situation without insurance. There is a saying that "he who drowns in water, and he who kills his mouth". Families who are patronized by illness and go around to raise money are often families who do not have insurance coverage.

What's more, the issue of "surrender" has been involved, which shows that you already have a sense of protection. Be sure to find a replacement product and surrender the policy after the 180-day waiting period.

Check your physical condition.

Here's an example. Xiao Ming finally realized that the insurance he had bought for more than ten years was not suitable, and after careful consideration, he returned the insurance. When I applied for health information again, I remembered that I had a heart attack before the Chinese New Year, but the new insurance was denied, and the old insurance was surrendered, and I was in a dilemma.

Therefore, friends who have physical examination records must check the results of the physical examination report, and if it affects the next insurance, try not to surrender the policy.

Consider the difference between the new safeguard liability and the previous one.

If it is only because this product is upgraded and the new product is better, we do not recommend surrendering the policy. Because the current insurance products are updated quickly, and insurance is not like clothes, you can change it if you want to.

The senior sister reminded that insurance involves decades in the future or even permanent protection, and you need to be cautious before purchasing, don't wait until you regret it and then surrender the policy, and the surrender loss will be large after the hesitation period.