1. If the renewal policy has been issued, but it has not yet reached the effective date, it can be surrendered;

2. If it has come into effect, compulsory insurance cannot be surrendered, and commercial insurance can be surrendered in proportion;

3. CIRC prohibits issuing bills without seeing the premium. If you don't want it and there is no way to get a refund, then tell the salesman to give the premium a 15% discount.

Surrender beyond the hesitation period is regarded as normal surrender. Usually, the insurance policy that has obtained the insurance premium may not apply for surrender. Normal surrender generally requires that the applicant can apply for termination after a certain period of time, and the life insurance company should refund the cash value of the policy within 30 days from the date of receiving the application.

Extended data:

Surrender beyond the hesitation period is regarded as normal surrender. Usually, the insurance policy that has obtained the insurance premium may not apply for surrender. Normal surrender generally requires that the applicant can apply for termination after a certain period of time, and the life insurance company should refund the cash value of the policy within 30 days from the date of receiving the application.

The cash value of a policy refers to the amount that can be returned when the life insurance contract is terminated or surrendered. In long-term life insurance contracts, insurance companies usually need to deposit a certain amount of liability reserve in order to fulfill their contractual responsibilities. When the insured requests to cancel the contract or surrender the insurance for reasons within the insurance validity period, the insurance company will return the balance of the deposited liability reserve minus the deduction for cancellation to the insured according to the regulations, which is the cash value of the policy.

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