If you apply for surrender after the hesitation period, only 10-70% of the cash value of the policy will be refunded.
Usually, the amount of surrender is calculated based on the insurance policy that the insured has paid the premium. If the paid premium is not equal to the cash value, more than 50% of the paid premium will be lost.
Health insurance, the Chinese abbreviation of health insurance, refers to the insurance that insurance companies pay insurance money for losses caused by health reasons through sickness insurance, medical insurance, disability income loss insurance and nursing insurance.
Relevant laws include health insurance management measures.
medical insurance
That is, medical expenses insurance refers to the insurance that pays the insurance premium based on the agreed medical expenses, that is, the insurance that provides medical expenses protection. It is one of the main contents of health insurance, including not only the doctor's medical expenses and operation expenses, but also the expenses of hospitalization, nursing and hospital equipment.
sickness insurance
Refers to the insurance with illness as the payment condition, including general illness insurance and critical illness insurance. Usually, the insurance amount of this kind of policy is relatively large, and the payment method is generally to pay the insurance amount in one lump sum immediately after the diagnosis of a special disease.
Income security insurance
It refers to insurance with the condition that income is interrupted or reduced due to accidental injury or illness. Specifically, it refers to a form of insurance in which the insurer pays the insurance money in installments within a certain period of time when the insured is disabled due to illness or accidental injury.
Nursing insurance
Long-term care insurance is a health insurance that provides compensation for the cost of nursing services for the insured who need long-term care due to old age, illness or disability. The insurance scope is divided into four levels: medical care, intermediate care, nursing care and home care, but the early long-term care insurance products did not include home care.
The payment of health insurance usually includes two parts: compensating the living expenses of the insured when he is unable to work due to short-term illness and providing medical services for the insured. There are three ways to provide medical services:
Pay directly to institutions providing health care services;
Medical expenses are paid in advance by the sick insured and then compensated by the insurance institution;
Medical institutions established by insurance institutions or the government directly provide medical and health care services.
The sources of health insurance are generally insurance premiums paid by the insured and their enterprises and government financial subsidies. The payment method of insurance premium can be allocated from general tax, or health insurance tax can be levied separately.