The insured personally goes to the offline counter for surrender. Depending on the company, the following materials can be used: application for surrender, applicant's ID card, copy of bank card, insurance contract and insurance premium invoice, etc. Please refer to the websites of various insurance companies for details.
At present, many companies can directly surrender their insurance through official micro insurance companies.
Call the customer service phone of the insurance company and complete the surrender according to the customer service prompt.
The subject did not say what insurance 163 yuan purchased. If it is short-term insurance, it is not recommended to surrender. Call the customer service directly and explain that it is ok not to renew the insurance after the policy year expires.
Because short-term insurance is cheap, only the cash value is refunded when surrendering, so it is not refundable. It is better to let it guarantee this period of time.
If it is a long-term insurance, such as critical illness insurance, you can check the cash value table in the contract to find out how much to return. Generally speaking, the cash value in previous years is very low, so if you want to surrender just two years after insurance, the cash value is very low and the loss of surrender is relatively large. It is recommended to consider it carefully.
I usually suggest that if you don't want to surrender and buy more suitable products, don't surrender. Security is better than nothing.
If you have a better product to choose from, and you are sure that you are healthy enough to buy it again through underwriting, and the premium of the new product has an advantage over the existing product, you can also consider surrendering.
If you consider surrendering, you should insure in advance, instead of waiting for the old policy to expire. Because new policies usually have a certain waiting period, claims cannot be settled during the waiting period, so it is necessary to calculate the time to ensure the seamless connection between new and old policies.
It is very important that the old policy should be surrendered after the waiting period of the new policy. You can use the 60-day grace period of the policy reasonably.
Because although there is no renewal fee during the grace period, the policy still has a guarantee function.