If I want to surrender the insurance after buying it, how to surrender the insurance cost effectivel

Some people may be impulsive when buying insurance, may be face, or may follow the trend, after signing the contract to calm down, they find that the insurance they chose before does not seem to be suitable for themselves, and they want to surrender the insurance.

The most suitable must be to surrender the insurance within the fifteen-day hesitation period of signing the insurance contract, at this time the surrender is fully surrendered, some insurance companies will deduct more than a dozen yuan of the cost or handling fee, but it is a full refund, beyond this hesitation period, no matter when the refund is not appropriate. Of course, it is also possible that the policyholder was tricked into signing the insurance contract by the sales staff of the insurance company, or the signature on the contract is not handwritten by the policyholder, as long as there is enough evidence to prove it, it can also be refunded in full.

In addition to the above situations, as long as you sign a contract and want to surrender the policy, it will definitely cause more or less economic losses, if you surrender the policy on the first day, the loss is the first year's premium, such as paying more than 12,000 yuan in premiums, and only less than 500 yuan when you surrender the policy, which has caused very serious economic losses. Maybe many people feel cruel, but the fact is that after paying tens of thousands of yuan in premiums, only some fractions were returned in the end, in fact, at this time, the insurance company returned to the policyholder only the cash value of the policy.

As for the amount of cash value, it depends on the cash value table attached to the contract signed by the policyholder. Usually, the cash value is calculated = premium paid - management fee - commission - net premium + interest The result is that the insurance company will refund the policyholder's money.

In fact, as long as you bypass these pitfalls, you can still refund more premiums, and you must understand that the earlier the policyholder surrenders the policy, the less money will be returned. After the policyholder pays the premium and signs the contract, the insurance company will deduct a large part of the money to pay the commission to the salesman, and the interest is very small, and the insurance company will reduce the cash value of the previous years very low in order to prevent arbitrary surrender. Therefore, the best way to get a good deal is not to surrender the policy, but to replace the insurance product to minimize the loss.

After buying insurance, the insurance has an effective period, which is generally 7 days. Surrender is also possible before the effective date. After the effective period, surrender of the policy will cause significant losses.

I think the best thing to do is to hit the car and then take the insurance, and then surrender the policy after the claim is settled, which is the most cost-effective.

Surrender can choose to surrender the policy within the cooling-off period and get the full amount back, which is the most cost-effective.

1. 100% refund of premium during the cooling-off period.

First of all, we have to see whether we are still in the hesitation period of insurance, which is originally reserved for the policyholder to consider whether to buy this insurance. Surrender during the cooling-off period is generally 100% refundable of the premium. The hesitation period of each insurance company is also different, generally about 7 days to 15 days.

If your insurance is still in the cooling-off period and you don't want to buy this insurance, you can apply for a surrender. Generally, insurance companies will refund all premiums, but some insurance companies will charge a part of the fees, such as production costs, handling fees, etc.; But it won't cause much damage.

2. Full surrender outside the hesitation period.

If the cooling-off period has passed, there are two other situations in which the policy can be surrendered in full:

1. Non-personal signature: If your insurance contract is signed by the insurer or someone else, you can apply for a full refund of the premium;

2. Unsuccessful return visit: After applying for insurance, the insurance company will conduct a return visit, and if the insurance company calls to confirm that the policy has not been received, or it is not confirmed by me**, the premium can also be refunded in full;

3. Misleading sales of insurance people: Many people will help the policyholder to conceal their illness or falsify the content of the insurance for the sake of performance, if they can collect relevant evidence of misleading sales, they can also refund the premium, but this process is more difficult, so everyone must keep their eyes open when applying for insurance.

3. Pay the reduction in payment.

Some insurance has the function of reducing the amount of payment, the so-called reduction of the amount of payment, which 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 will continue to be effective.

The sum insured will be reduced accordingly. 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.

4. Surrender of the normal cash value.

If none of the above items are eligible, then you can only call through the normal surrender route. Many long-term insurance policies have a cash value, which is generally the balance of the personal account value after deducting the corresponding surrender charge.

If you decide to surrender your policy, you will usually only get back a fraction of the cash value. Why can I only get a small amount of money back when I surrender the policy? Because in the process, the insurance company will also cause losses, such as handling fees, commission costs, protection deductions, etc.

If you can accept a certain loss caused by surrender, then you can choose to surrender the policy.

To sum up, once the surrender of the insurance exceeds the hesitation period, it will cause greater economic losses, so it is necessary to be cautious whether it is insurance or surrender.

Recently, I have seen that critical illness insurance accounts for a large part of the surrender of insurance, and it is also normal, critical illness insurance is too complicated, it is inevitable that sometimes I feel that I have bought the wrong one, in order to make everyone have no idea of surrendering, I will pick out a list of you will not want to surrender:"Top 10 Popular Critical Illness Insurance Points Worth Buying! 》

How to surrender the policy? There are two forms: online surrender and offline surrender.

(1) Online surrender

Generally, you can directly find your own online policy, apply for surrender, and surrender the policy according to the above operation guidelines, but there are still very few insurance policies that can be surrendered online, and most of them need to go to the insurance company to return by yourself.

After reading this analysis, you will understand:Is it reliable to buy insurance online? What is the difference between online and offline insurance? 》

(2) Offline surrender

Offline surrender is generally this process:

The purpose of typing ** is generally to confirm which materials to bring, so that you can handle it at one time. The insurance company cannot refuse to surrender the policy, but the surrender can often only return the cash value, and there will be losses, so you must be mentally prepared. The insurance company will refund the cash value of the contract within 30 days from the date of receipt of the relevant proof and information from the date of receipt of the insurance contract termination application.

If you have to surrender the policy, it is important to pay attention to this: it is important to return the old policy only after the new insurance has been effective, so as to ensure that the protection is always available.

If you buy the wrong insurance, it is not cost-effective to surrender the policy. Teach you 4 ways to minimize your losses! It is recommended to collect it well so that it is easy to find when you can use it.

Summary. Hello dear! We'll be happy to answer for you. <>

After paying the insurance for three years, it is usually past the hesitation period of the insurance, and at this time, the surrender of the policy will be more or less cost-effective for us, because the insurance company will deduct some expenses such as labor costs, handling fees, employment fees, management fees, operating expenses and other expenses, which are counted in our policy. If we apply for surrender, the insurance company will only refund us the premium according to the current cash value, and in the end, there is not much in our hands, and the loss is still very large.

How to return the insurance is more cost-effective, and it has been paid for three years.

Hello dear! We'll be happy to answer for you. <>

After paying the insurance for three years, it is usually past the hesitation period of the insurance, and at this time, the surrender will be more or less cost-effective for us, because the insurance company will deduct some expenses after the hesitation period, such as labor costs, handling fees, employment fees, management fees, operating expenses and other expenses, which are counted in our policy. If we apply for surrender, the insurance company will only refund the premium for us according to the current cash book value, and in the end, there is not much in our hands, and the loss is very large.

How to return the insurance after paying for three years is more cost-effective1, using the change payment method, if the purchased insurance product can be paid in a variety of ways, we can convert the high-rate insurance into low-rate insurance. 2. Using the policy loan, we can mortgage all the cash value of the purchased policy to the insurance company, and then obtain working capital from the insurance company, so that we can continue to renew the policy later. 3. Adopt the method of reducing the amount of payment, usually some insurance is to include the function of reducing the amount of payment, that is, we do not need to pay the insurance later, and do not require the cash value of the insurance company's policy to be returned to us, but the cash value of this amount is regarded as the back of the Baochang mu fee, so that the protection is still effective, but the amount of insurance will be reduced compared to the previous amount.

Summary. How to surrender the insurance is the most cost-effective, and surrender the policy within the hesitation period.

How to surrender the insurance is the most cost-effective, and surrender the policy within the hesitation period.

1.If the insurance is surrendered during the cooling-off period, the insurance company can refund the premium paid without interest, although some insurance products still need to deduct the cost of production, but it will not be too much; 2.If the policy is surrendered after the cooling-off period, the insurance company can only refund the cash value, and the policyholder needs to bear a certain amount of financial loss.

However, the cash value of some insurance products is relatively high, such as slag sluggish accumulation Danzhao critical illness insurance, participating insurance, whole life insurance, etc., and the cash value of the policy can be equal to or even greater than the premium paid in the later stage.

1 If the fee is deducted on the same day, you can immediately go to the counter of the insurance company and ask for a refund.

2 If we are unable to get a refund, we can refund the amount indicated according to the cash value on the insurance policy, which is stated on the last page of the insurance policy.

3 Before deducting the money, we should go to the counter of the insurance company or ask the relevant salesman to go through the procedures for stopping the surrender of the insurance, and call the customer service to ask to notify ourselves before the deduction, so that there will be a double protection.

4 We can also transfer all the money from our bank card, as long as the insurance company deducts the authorization card, there is no way to deduct the money without funds.

5 When buying insurance, you must read the content of the agreement, if there is an automatic deduction, you can not check it, so that the insurance company has no right to deduct.

6 If the insurance purchased is short-term insurance, it is a one-year term, and there will be no automatic deduction.

Extended Material: Principles of Purchasing Insurance and Wealth Management.

1. The principle of doing what you can.

Insurance and financial management is an economic behavior, which can not only obtain the corresponding insurance benefits, but also have necessary expenses in terms of costs. The benefit is the risk protection obtained by the policyholder, and the cost is mainly the premium paid by the policyholder. The more types of insurance you insure, the longer the coverage period, the wider the coverage, and the more premiums you need.

Therefore, when applying for insurance, we must pay attention to what we can do, and make appropriate arrangements for the number of products insured and the amount of insurance, so as to avoid underinsurance and prevent overinsurance.

2. The principle of risk transfer in the shape of a circle.

Insurance is an important means of risk management, and the main purpose of insurance and financial management is to obtain risk protection, maintain the economic security and life stability of individuals and families, and avoid economic deficits caused by emergencies. With the development and evolution of insurance products, more and more insurance products with investment functions have emerged in the market. In the face of insurance products with multiple functions, consumers should pay attention to always putting risk protection in the first place, and then arrange a combination of insurance types with different functional orientations on this basis.

3. Choose the principle of purchasing.

The insurance market is a dizzying array of products. New types of insurance or products are emerging all the time. Although each product has some unique features, no one can buy all the products on the market.

It is neither necessary nor possible to purchase all types of insurance. In this way, when carrying out insurance and financial management, we should selectively purchase relevant insurance types according to the actual needs of risk protection and the ability to pay, and avoid being greedy for more.

The so-called commercial insurance refers to the insurance of commercial insurance companies such as Life, Ping An, Xinhua, AIA, etc. There is a big misunderstanding about these commercial insurances, because once you want to surrender the insurance after buying, you will find that the high surrender fee is scary.

The reason for this is mainly due to the operating model of insurance companies. The employees of the insurance company are the first contract system, that is, the personnel are not the company's content employees, but the first to find out**, each time an insurance contract is signed, the insurance company needs to pay a certain handling fee for Bi Belt, and the insurance contract is long-term, but the liquidity of the first is larger, and you need to pay a higher ** fee in the first period, and the highest ** cost may be as high as 50% of the first cost. As a result, the insurance company must calculate the "cash value" of the policy, which is actually equivalent to the surrender amount.

For example: Suppose A buys an endowment insurance through ** person C in insurance company B, A needs to pay a total of 100,000 yuan, and needs to pay 5,000 yuan in the first month, A signs a contract with C, and C regrets submitting the contract to B, and gets a commission of 2,500 yuan (5,000 * 50%) from B. At this time, A regretted it, decided to surrender to B, and after submitting the surrender application, it could only be less than 2500 yuan of money, because the insurance company has given your 2500 yuan to the ** person, if the insurance company returns you in full, they will lose to death, the money is actually in C, but ** person C as the only person who communicates with A will not say that he is greedy for your money.

Therefore, before buying commercial insurance, you should be very sure whether this insurance is what you need, do not buy unnecessary insurance, once you realize that you have been deceived, directly find the insurance company to complain, ask for punishment, and ask for compensation, if the insurance company does not accept or can not give you a satisfactory answer. You can directly complain to the Insurance Regulatory Commission, this agency is the natural enemy of the insurance company, once your complaint is in the hands, the insurance company will generally return the money to you very obediently, at least can give you a satisfactory answer.

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