Pacific Hongfa Annual Insurance has been paid for 10 years. Can I refund the principal?

Pacific Hongfa Annual Insurance can't get back the principal even if it is paid for 10 years, and no insurance can get back the principal when the payment expires. Moreover, Pacific Hongfa is an annual dividend-paying life insurance, and the principal can be refunded by the deadline. The principal can only be collected in the year when the birthday payment is stipulated in the insurance contract. According to the agreement, the premium paid can be collected in one lump sum at the age of 60, 70 and 80, and the principal cannot be returned halfway. If consumers want to refund the principal, they can only get it back when they should receive the birthday payment. If they take the form of surrender, they can only refund the cash value of the policy.

Hongfa is an annual dividend-paying universal annuity life insurance of Pacific Hongfa. The insurance age is 30 days to 60 years old, and the guarantee period is life. Payment methods are 3 years, 5 years, 65,438+00 years and 20 years. The annual premium is 65,438+00,000 yuan, and the coverage includes death/disability insurance, birthday payment, blessing payment, children's education reserve, annuity conversion, etc.

Hongfa is a wealth management insurance every year, focusing on investment and wealth management, and its protection function is relatively weak. It is more suitable for underage children to buy. Compared with adults, children as the insured will have a lower premium, but they will receive a higher amount and take a long time. This product can get 9% of the basic insurance premium every year, with quick return and high frequency. Consumers can enjoy a stable cash return every year until life, and easily meet the needs of consumers' long-term financial planning.

Hongfa's annual surrender procedures are as follows:

Prepare the surrender information in advance, go to the local Pacific Insurance Company nearby, and go to the counter to handle the surrender.

Second, fill in the surrender application form as required and hand it over to the staff together with other materials.

Third, the insurance company reviews the application for surrender, verifies that there is no problem with the information, and can receive the corresponding refund premium after passing the examination. Insurance companies will generally pay the refund premium to the agreed bank card within 3~5 working days.

If you don't know much about the procedures for surrender, or what information you need, you can call Pacific for consultation before surrender.

Usually, the following materials need to be prepared for surrender:

First, the insurance contract (if you only have an electronic policy, you can print it out);

Two, the identity certificate of the insured (based on the type of documents submitted at the time of insurance);

3. Payment voucher (insurance premium receipt or invoice);

4. Application for termination of the contract (insurance companies will generally provide it, fill it out as required, and indicate the time and reason for surrender);

5. Bank card information (for surrender transfer).