Absolutely can not ignore the terms of surrender when the insured Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

Many consumers reflected in insurance easy to surrender hard. Especially for the premium the insured has not paid for two years, since without prior knowledge or attention to surrender fee standards, to surrender, they find that the situation was serious. To this end, the Consumer Association in particular suggest that the insurer an obligation to clearly indicate that consumers should also be psychologically prepared for the surrender fee is too high to be careful to buy the product.

In 2001, Chen Beijing residents in a certain insurance companies life insurance after one year, for personal economic reasons want to surrender, insurance premiums deducted from fees paid to reach 75.5%; Dongmou people in Shanghai, to a certain insurance companies A year later wish to surrender, insurance companies claimed that they will deduct 50% of premium paid by fee, commission Dongmou asked how to determine the other party replied that the internal control by the company; Zhao, Jilin Province in late 2003 to an insurance companies of a certain life insurance, the latter due to serious illness of family members apply for surrender, after insurance tips, Zhao noted that the insurance contract only if the first year of the surrender, the insurance company to deduct the premium paid 80% as handling fee. Consumers think, as insurance companies inform consumers in advance not to surrender fee standards or tips to give a clear violation of the consumer's right to know.

If an insurance company "life insurance policy" in there: "the insured requirements for terminating the contract, this contract shall terminate the contract of this company received an application from the date of the termination of liability insurance. In addition to the first requirement, the Company receipt of the above evidence and information within thirty days from the date of refund of insurance policy cash value, but not paid for 2 years of insurance premiums, the company, after deducting fees refund insurance premiums. "

Industry experts point out that insurance companies bear the obligations of information disclosure, including of course the problem surrender. Although some insurance companies in the cash value in the table sets out the refund requirements and standards, but does not take appropriate reminder of the insured pay attention, leading to neglect of the insured the contents of surrender at the time of a dilemma. Either to abandon surrender or face the risk of economic loss has been deducted insurance premiums paid up to 50% or even 80% of the surrender charge. In view of this situation, "insurance companies provides that" it clear that the insurance company issuing the policy before the surrender and other charges net of such matters should be taken to clear the way special tips.

With regard to surrender the amount of problems, "Insurance Law" stipulates that an insurer may be deducted in accordance with the contract fee. But in the past, unilateral development of insurance contract, usually only on the method for calculating charges to a vague explanation that "fee is the sum of ... ...", the specific amount in the end what is not clearly defined. Moreover, the insurance company listed in the company's operating expenses, commission and undertaken by the insurance liability insurance fees charged by such items as a result of easily understood due to insurance, are not as obvious, which gives insurance companies free to change the refund standards facilitating. To this end, China Insurance Regulatory Commission has formulated regulations relating to actuarial life insurance, personal insurance, actuarial requirements and new products Interim Measures, such as information disclosure, strengthening the management for the insurance companies, requiring the issuance of the policy prior to the cash value of insured table (including the first two years the value of the end of fiscal policy) in order to clear surrender charges. For the life insurance surrender less than two years, since in the original amortization of premiums in long-term underwriting the cost of the premium paid must be deducted in, so in general have higher surrender charges, response, insurers have been obligations it clear that consumers should also be psychologically prepared for this, for the surrender fee is too high to be careful to buy the product.

At present, the insurers according to different products to determine their own premium rates (including the surrender charge). The signing of the contract, consumers should ask insurance agents to provide specific contract terms and premium rates table, according to their own needs, carefully read and examine the differences in terms of the contract, compare the rate of insurance premiums, select the most suitable for their own products, not to blindly signed. For can not read the contents of insurance companies should be required to make further explanations and explain the contents of the implementation of a text, as an integral part of the contract as performance of the contract, and an important basis for resolving disputes. Before signing the insurance salesman for the product is only available for instructions, not to produce insurance contracts, premium rates and other relevant information, consumers should refuse to buy. For long-term life insurance, receipt of insurance, consumers generally have 10 days of hesitation period, within that period, consumers should re-examine the insurance contracts and related information, identify problems must be promptly asked, such as expressing their dissatisfaction, demand surrender Most insurance companies will full refund of insurance premiums, and some will charge a nominal fee up to 10 yuan.