The applicant for surrender is the insured. If the insured applies for surrender, he must obtain the written consent of the insured, and the insured clearly indicates who will receive the surrender money;
If the applicant applies for surrender, the contract has been in effect for two years and the payment has been paid for two years, and the insurance company returns the cash value of the policy after receiving the application for surrender, and the applicant has paid for less than two years, the insurer will return the remaining insurance premium to the applicant after collecting the insurance premium from the beginning to the end of the insurance liability.
When handling the surrender, the surrenderer shall provide the following documents:
The applicant's application for surrender, if the insured requests surrender, shall provide the written consent of the applicant for surrender;
The insurance policy and the last payment certificate provided by the surrenderer prove that the contract is established;
The identity certificate of the applicant;
If the applicant or the insured entrusts others to handle it on his behalf, he shall provide the power of attorney of the applicant or the insured and the client's ID card.