Can Fude Life Insurance surrender?
Fude Life Insurance can apply for surrender if it doesn't want it after being insured. Users can directly contact their insurance brokers or directly go to the business outlets of Fude Life Insurance Company to handle the surrender procedures. When you surrender, you need to prepare insurance policy, ID card and bank card. Under normal circumstances, the insurance company will return the refundable premium to the user's account after approval.
Fude Life Insurance Surrender Procedures and Procedures:
1. 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.
Step 2 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 an insurance contract, an insurance company usually needs to deposit a certain amount of liability reserve in order to fulfill its contractual responsibilities. When the insured requests to cancel the contract or surrender due to the insurance validity period, the insurance company will return the balance of the deposited liability reserve minus the cancellation of deduction to the insured according to the regulations, which is the cash value of the policy.
I suggest you think carefully before taking out insurance, and don't take out insurance blindly. It is best to find out your actual needs first, and then choose the right product to insure according to your economic situation, so as not to feel useless, regret and want to surrender after buying it; Or because they can't bear the pressure of payment, they are forced to choose to surrender. If you decide to surrender, you'd better apply as soon as possible during the hesitation period to avoid any economic losses.