How to refund the surrender

Surrender is to cancel the insurance policy. After the insurance contract is signed, both parties may terminate the contract through agreement or according to national laws. In most forms of non-life insurance term policies, there is generally a policy cancellation clause, which explains the conditions for either party to cancel the policy before the expiration, so as to safeguard their respective interests from unreasonable damage due to the termination of the insurance contract. After the cancellation of the policy, the corresponding insurance premium should be refunded. If the policy is not effective, the insured can recover all the insurance premiums in principle, but the insurer also has the right to charge the minimum insurance premium or handling fee. If the insured surrenders his insurance during the period of validity of the insurance policy, he shall pay the insurance premium at the prescribed rate, and the insurer shall refund all the insurance premiums after deducting the insurance premiums payable to the insured; If the insurer requests to cancel the insurance policy, the unexpired premium shall be returned to the insured on a daily basis. There are three ways to surrender: 1, and go to the company in person. Materials include: application for surrender, applicant's ID card, copy of bank card, insurance contract and insurance premium invoice. 2. Entrust the salesman to the business hall. Materials include: application for surrender, power of attorney, applicant's ID card, copy of bank card, insurance policy and insurance premium invoice. 3. You can directly call the customer service phone of the insurance company to ask for surrender.