After surrendering Ping An Insurance, how long will it take for the surrendered money to arrive?

Ping An’s refund money usually arrives within 5 working days.

Insurance surrender means that when the insurance contract is not fully performed, the policyholder applies to the insured and the insurer agrees to terminate the legal relationship determined by the contract between the two parties. The cash value of the insurance policy will be refunded in accordance with the National Insurance Law and the contract.

Insurance surrender can be divided into hesitation period surrender and normal surrender. Some insurance companies provide an agreed surrender method to resolve disputes.

Extended information:

Notes:

When handling insurance surrender, please pay attention to the following points:

The person who is eligible to apply for surrender is the insured people. If the insured applies for surrender of the policy, written consent must be obtained from the policy holder, and the policy holder must clearly indicate who will receive the surrender payment.

If the policyholder applies to surrender the policy and the contract has been in force for two years, the insurance company will refund the cash value of the policy after receiving the surrender application; if the premium has been paid for less than two years, the insurer will collect the policy from the date the insurance liability begins to After the insurance premium for the period ending on the date of cancellation, the remainder will be refunded to the policyholder.

The policy holder must provide the following documents when handling the policy surrender:

(1) The policy holder’s application. If the insured requests to surrender the policy, the policy holder’s written consent must be provided. Application for surrender;

(2) Valid insurance contract and last payment certificate;

(3) Identity certificate of the policy holder;

(4) If you entrust another person to handle the matter, you must provide the insurance applicant’s power of attorney and the entruster’s ID card.

Baidu Encyclopedia - Surrender