It takes a long time to surrender, but the process is not complicated, but there are still many policyholders who don't want to surrender themselves and want to entrust a surrender company to handle it. Is this kind of surrender handling method and practice legal?
Is it legal to surrender the company? Do I need to sign a contract?
1. Is it legal to surrender the company?
It is generally illegal. In fact, this is not a normal way to surrender, and there is no formal way. Therefore, these surrender companies will be good at exploiting some loopholes to promise the insured to get back the full premium, and then charge the formalities fee according to the actual situation, which will generally range from10% to 30%. This is actually not a formal surrender procedure, so surrender is still risky. After all, entrusting a surrender company to surrender will involve a piece of information, so the insured may provide it.
2. Does the surrender company contract have legal effect?
As long as it is a voluntary contract signed by both parties, it has legal effect. However, if the surrender company itself does not meet the legal requirements, it has no legal effect. Even if the insured fails to fulfill his responsibilities, the surrender company has no choice. However, I suggest that you don't look for a third-party platform, the so-called surrender company. In fact, as long as it meets the situation of surrender, it is not complicated to go through formal procedures, and it will not take long to get it.
3. What are the methods of surrender?
Surrender, if I can't go to the insurance company, there are actually many ways, and entrustment is also possible. Generally, you can entrust the salesman who handled the insurance before, so the risk is lower. Specific surrender method:
1, telephone surrender, as the name implies, is to call the customer service phone of the insurance company. If you can't find the customer service phone number of the insurance company, there will be a note on your policy and contract, or you can turn on your mobile phone or computer and go to the insurance company in official website to find the phone to surrender, so that the insured does not have to go to the insurance company's outlets to handle it, which is very convenient and easy.
2. I handle it myself, that is, the applicant handles it himself. This is relatively simple. It just takes time for everyone to go to the offline outlets of insurance companies. The key is that you should bring good information, otherwise our own people will pass by and find that the information is incomplete, and it will take time to run around.
3. Entrust an agent to handle it. Of course, this agent is not the person who surrenders to the insurance company. You can entrust family members, policyholders and salesmen who handle insurance policies. After preparing the materials, you can also issue a power of attorney from the client. As long as the application is passed, you can get the fee for your surrender.
Is it legal to surrender the company? If you want to surrender, there are many ways to surrender, and there is no need to choose a surrender company.
Under what circumstances can I fully surrender my insurance?
If you have passed the hesitation period, can you still surrender in full if you want to surrender? In fact, if the agent violates the rules in the sales process, there is still a chance to completely surrender. So what are the specific situations?
The agent has the act of signing on behalf of others.
There are refunds or gifts during the sales process.
Exaggerate product income and claims in the sales process.
Agents have induced or misled sales and other behaviors.
Of course, complete surrender still requires some skill.