If the receipt is not signed, the policy can be refunded. To say the least, even if you sign for it, you can directly surrender to the local company within a ten-day hesitation period, and there will be no loss. Because general insurance will have a hesitation period of 10 days, according to the insurance law, you have the right to surrender in full during the hesitation period.

However, it usually costs ten yuan. General payment will be returned to your account in about 3 days. This time will be a little longer for different insurance companies. At the same time, the insurance policy must be signed by the insured himself to take effect. However, there are exceptions. If the applicant is a person with no capacity for civil conduct or a person with limited capacity for civil conduct, it may be signed by his guardian, but not by others.

If the insured is unable to sign by himself due to physical reasons such as disability, he can sign by his designated salesman through legal procedures. An insurance policy is a formal written certificate for the insurer and the insured to conclude an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The contents recorded in the insurance policy are the basis for both parties to perform the contract, and the insurance policy is the proof of the establishment of the insurance contract.

Theoretically, the insurance policy must be clearly explained by the insurer to the insured, and the insured will sign it without objection. If there is fraud, the insurance contract is not established. The insurance policy without my signature is invalid.

Extended data

Surrender can be divided into hesitant surrender and normal surrender. In order to solve disputes, some insurance companies offer the way of surrender by agreement.

Surrender in hesitation

Surrender in hesitation period means that the insured surrenders within the hesitation period stipulated in the contract. General insurance companies stipulate that ten days after the insured receives the policy is the hesitation period. Usually the insurance company will refund the full premium after deducting the production cost.

Surrender normally

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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