Because some friends don't care so much about the insurance products they buy, it is easy to forget that the normal payment of premiums leads to the invalidation of the policy. After the policy expires, most friends do not intend to resume payment, but directly apply for surrender. So today's article will share with you whether you can surrender your insurance if it expires. How is it different from normal surrender?

1. If my insurance fails, can I cancel it?

If insurance fails, you can apply for surrender. There are two kinds of policy invalidation, one is temporary invalidation, and the other is permanent invalidation.

After the expiration of two years, the policy will be permanently invalid. If you want to be guaranteed, you need to buy it again. At this time, the insurance company will automatically surrender, unilaterally terminate the insurance contract, and then return the cash value during the grace period of payment to the insured. You can also apply for surrender yourself.

Second, what is the difference between insurance failure surrender and normal surrender?

The difference between policy invalidation and normal surrender is mainly the amount of surrender.

If you surrender normally, you can apply for full surrender within the hesitation period, or you can ask for full surrender because of the signing of the policy or the violation of the sales staff.

However, once the policy expires, the cash value can only be refunded within the grace period, so there is no choice, so it is impossible to apply for full surrender. And if the policy is permanently invalid, you can only choose to surrender, and the insurance company may also take the initiative to return the cash value to you.

Except for the different surrender money, the process and materials required for applying for surrender are the same, and there is no difference.

3. What materials are needed for insurance failure and surrender?

1. Surrender application: If you can only surrender offline, you can get it online at the counter of the outlet or download and print it in official website. If you surrender online, you can fill in the reasons for surrender online.

2. Policy contract: the original policy is required, and only the electronic policy needs to print the paper contract.

3. proof of payment: the latest proof of payment will be fine. If the policy is invalid, it is the payment voucher before the grace period.

4. Identity document: the identity document of the insured is required, and the original and photocopy are ready.

5. Bank card: it is used to collect surrender money, and some insurance companies directly transfer it to the bank account that pays the insurance premium.

Under what circumstances can I fully surrender my insurance?

If you have passed the hesitation period, can you still surrender in full if you want to surrender? In fact, if the agent violates the rules in the sales process, there is still a chance to completely surrender. So what are the specific situations?

Of course, complete surrender still requires some skill.