How much money can I get back if I surrender my insurance now?

If the health insurance paid has not passed the hesitation period or the sales are misleading, it can be refunded in full, otherwise only the cash value can be refunded, but generally at least 50% of the principal can be refunded. According to the normal insurance ratio, 50% is the most basic insurance refund ratio. In fact, the amount of premium refunded by the surrender money must be calculated according to the type of insurance you purchased, the amount of payment in these years and the payment time. The cash value of a policy that can be surrendered is generally calculated as follows: the premium paid by the insured-the management of the insurance company-the commission paid to the sales staff-the pure premium required for underwriting+the interest generated by the remaining insurance = the cash value.

Because everyone's situation is different, so the final result is different, this can not be generalized. How much the policy can be refunded can be divided into these three situations:

1, full surrender. There are usually three situations in which you can fully surrender your insurance:

1) Surrender within the hesitation period. There will be a period of hesitation after the policy takes effect. During the hesitation period, all premiums can be refunded, and only the work cost of 10 yuan will be deducted. The hesitation period usually starts from the receipt of the contract, which is usually about 10 days, and it will be clearly written in the contract.

2) Signature of the agent. If some salesmen operate improperly and the insurance contract is not signed by themselves, in this case, they can apply for a full refund.

3) misleading sales. If there is evidence that the agent has violated the rules or cheated consumers, you can also apply for a full refund at this time.

2. Only cash value can be returned. Surrender beyond the hesitation period, and does not belong to the above two situations, only the cash value can be returned, and the cash value is savings life insurance, such as endowment insurance, endowment guarantee, whole life insurance, term life insurance for more than one year, long-term consumption critical illness insurance, savings critical illness insurance, universal insurance, dividend insurance, etc. Accident insurance and one-year medical insurance generally have no cash value.

1, surrender within the hesitation period, with little loss. If you buy insurance during the hesitation period, then you realize that the insurance you bought is not suitable and everyone is happy. You can return it if you want. Because most products are stipulated in the terms: surrender within the hesitation period, generally deduct the cost of work or directly deduct the fee. In other words, there is almost no big economic loss in the hesitation period. Note, however, that some products have a hesitation period of 10 day, while others have a hesitation period of 15 day. Specific product analysis, subject to the terms.

2. Surrender after the hesitation period, and the loss is very large. In fact, when most people consider surrender, they have already passed the hesitation period. In this case, if you surrender, you can only get back the cash value of this policy. The so-called cash value means that every insurance product operated by an insurance company has a cost. Cash value = premium paid _ operating cost of insurance company+interest generated by premium paid. If the insured surrenders midway, especially in the first two or three years, the insured will bear most of the economic losses.