The specific deduction method of million guarantee depends on the insurance products purchased and the terms in the insurance contract. Under normal circumstances, the insurance company will collect the premium from the insured according to the agreed period (such as month, quarter and year). Generally speaking, after the insurance contract takes effect, the first deduction can be made within the agreed time after the insurance contract takes effect, and the specific time should also be determined according to the insurance contract. Therefore, how long the guarantee deduction of one million yuan depends on the provisions on deduction in the insurance contract. It is necessary to carefully check the contract terms of the insurance purchased or consult the insurance company to obtain accurate information.