The applicant of Peking University Founder Life Insurance can unilaterally terminate the insurance contract. When surrendering, the applicant should bring his identity certificate, application for surrender, insurance policy provided by the surrenderer to prove the establishment of the contract and the last payment certificate to the insurance company to surrender. The specific surrender process steps include: 1. Applicants need to call the insurance company's customer service hotline or go directly to the local insurance company's customer service center to apply for surrender. It should be noted that if they have already received the insurance money, they can't apply for surrender. 2. Insurance companies will generally tell the surrenders what surrender materials need to be prepared, which generally include: the original ID card of the insured, bank account, insurance policy, application for termination of the contract, etc. Details of relevant materials can be inquired by telephone or official website. 3. After the applicant has prepared the information, he can take the relevant information to the major offline online stores of the insurance company for surrender. After the insurance company cancels the refund policy, it will transfer the refund to the insured's bank card account according to the agreed time. If the insurance has not expired, and it has not been surrendered during the hesitation period or because of misleading sales, generally only part of the premium can be refunded, and the amount is very small, which should be carefully considered.
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1, surrender often means losing part of the premium, but there are two exceptions:
1) Surrender in hesitation period: usually, there will be a hesitation period after buying insurance, and the time is about 10 to 15 days. If you choose to surrender during this time period, there is generally no loss;
2) misleading sales: if the agent does not operate properly when buying insurance, if the original insurance contract is not signed by himself, he has the opportunity to apply for getting back all the premiums.
2. If there will be a certain degree of economic loss in addition to these two situations, what we have to do at this time is to minimize the loss. For example, we can choose to reduce the amount and pay it off: that is, we don't ask for a refund, but take the current cash value as the insurance premium and don't pay it later. The protection will still be effective, but the amount insured will be reduced.
3, surrender also need to pay attention to the following situations:
1) surrender time: it is best to choose the surrender time after the waiting period of the new insurance, so that the protection will not be interrupted.
2) Health status: If the health status is not very good compared with the past, it is very likely that the health notification of the new insurance will not pass. In this case, surrender is not recommended.
3) Payment card balance: If you decide to surrender, it is best to withdraw or transfer all the money in the bank card used to pay the insurance premium, so that there will be no situation where you apply for surrender but the money is deducted during the payment period.