1. The insured calls the customer service phone of the insurance company and submits the surrender application.
2 explain the reasons and time of surrender to the insurance company, and submit the surrender materials according to the requirements of the insurance company.
3. After the insurance company reviews the application for surrender, it will issue the surrender approval form and recover the policy.
4. The surrenders hold the surrender approval form and ID card, and receive the refundable insurance premium through the channels designated by the insurance company.
Ways to reduce the loss of surrender:
1, surrender within the hesitation period
If the insurance I bought is surrendered within the hesitation period, then I realize that the insurance I bought is not suitable. If I want to surrender, I will deal with it quickly. Because most products are stipulated in the terms of surrender: surrender within the hesitation period, and generally deduct the cost or directly deduct the cost when surrendering. Some products have a hesitation period of 10 day, while others have a hesitation period of 15 day. The hesitation period of surrender requires specific product analysis, and the terms shall prevail when surrender.
2. After the hesitation period, I want to surrender because I was misled by sales.
Many people buy the wrong insurance because the salesman's sales are misleading. At this time, they want to surrender. Pay attention to whether there are the following situations when buying insurance:
1- The insured is misled by sales and wants to surrender. The insured informed the salesman of his illness, but the salesman didn't report it. This is because the salesman deliberately concealed the identity of the customer.
I want to surrender my insurance because I was misled by sales. 2- The salesman signs or fills in the health notification form on behalf of the customer.
I want to surrender my insurance because I was misled by sales. 3- The salesman exaggerates the insurance liability or the benefits of insurance products. For example, misleading a product that has been paid for 20 years into a product that has been paid for 3-5 years and selling it to a customer. When the customer really paid for 3-5 years and thought it was due, he was told that he still had to pay. At this time, the salesman probably left his job and could not complain about himself.
All the above situations can be handled by complaining to the insurance company, informing you of the surrender claim and minimizing the surrender loss.
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