It should be noted that there are two situations of insurance surrender, one of which may also cause losses, which requires special attention!
1. Surrender during the hesitation period: in case of surrender during the hesitation period, the insurance company will refund the premium in full after deducting the production cost;
2. Surrender after the hesitation period: it is a normal surrender and generally returns the cash value of the policy. In previous years, the cash value of the policy was usually small, and the money returned may be very small, even less than half of the premium. Therefore, if you surrender after the hesitation period, you should consider the loss before making a decision. If you have decided to surrender after the hesitation period, the following will help you reduce your losses as much as possible: how to refund the insurance surrender, how much to refund, and how to reduce the surrender loss.
Finally, the senior also reminded everyone that insurance is very professional. Whether you are insured or surrendered, you should be cautious and think clearly. At the same time, Senior Sister also suggested that you learn more insurance knowledge and try to avoid making mistakes in some details: before buying insurance, you must first understand these key knowledge points!
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