If the receipt is not signed, the policy is refundable. To take a step back, even if you sign the receipt, you can go directly to the local company to cancel the policy within the ten-day hesitation period, and there will be no loss. Because general insurance has a 10-day hesitation period, according to the insurance law, you have the right to cancel the policy in full during the hesitation period.

However, a production fee of ten yuan is generally required. Generally, the money will be returned to your account in about 3 days. Each insurance company will have different lengths of time. At the same time, the insurance policy must be signed by the policyholder himself to be effective. However, there are exceptions. If the policyholder has no capacity for civil conduct or has limited capacity for civil conduct, his or her guardian can sign on his behalf, but no other person can sign on his behalf.

If the policyholder is unable to sign on his own due to physical reasons such as disability, he or she can have his or her designated salesperson sign on his or her behalf through legal procedures. The policy is the formal written proof that the insurer and the insured have entered into an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The content recorded in the insurance policy is the basis for the performance of both parties to the contract, and the insurance policy is proof of the establishment of the insurance contract.

Theoretically, the insurance policy must be clearly explained to the insured by the insurer, and signed by the insured without objection, and it becomes effective. If there is fraud, the insurance contract will not be established. Insurance policies not signed by me are invalid.

Extended information

Insurance surrender can be divided into hesitation period surrender and normal surrender. Some insurance companies provide an agreed surrender method to resolve disputes.

Insurance surrender during the hesitation period

Insurance surrender during the hesitation period refers to the surrender of the policy by the policyholder within the hesitation period stipulated in the contract. Generally, insurance companies stipulate that the policy holder will wait for ten days after receiving the policy. Usually the insurance company will refund the entire premium after deducting the cost of production.

Normal surrender

A surrender that exceeds the hesitation period is regarded as a normal surrender. Generally, policies that have received insurance benefits are not allowed to apply for surrender. Normal surrender generally requires that after the policy has passed for a certain number of years, the policyholder can apply for termination, and the life insurance company should refund the cash value of the policy within 30 days from the date of receipt of the application. Policy cash value refers to the amount of money that can be returned when a life insurance contract is terminated or surrendered.

In a long-term life insurance contract, the insurance company usually needs to set aside a certain amount of liability reserves in order to fulfill its contractual obligations. When the insured requests to terminate the contract or surrender the policy for any reason during the validity period of the insurance, the insurance company shall comply with regulations. , the balance of the liability reserve minus the termination deduction will be returned to the insured. This amount is the cash value of the policy.

Baidu Encyclopedia - Surrender