How soon will the policy loan arrive?

China life insurance policy loans generally arrive in 1-3 days.

The arrival time of China life insurance policy is related to the user's application method. If the user applies for a policy loan online, the loan will arrive immediately after approval. If the user takes an offline policy loan, it usually takes 1-3 days to go to the insurance company to handle related business, and the loan amount can be received.

First, the meaning of policy loans

In life insurance with a long insurance period, when the insurance contract comes into effect and the liability reserve for a certain period of time is accumulated under the insurance policy, the insured or the insured requests the insurer to borrow money by insurance. According to the law or contract, when a policy applies for a loan, it is sometimes necessary to obtain the consent of the insured or beneficiary. The general loan amount cannot exceed a certain proportion (such as 80%, 90%, 95%, etc.). The accumulated liability reserve or surrender premium under the policy (that is, the cash surrender premium that can be received if you apply for surrender at that time). The loan term is generally one year, and interest must be paid. You can continue to borrow after the loan is repaid. If the insurance premium is paid by installments, the insurance premium will still be paid during the loan period. In the event of an insurance accident or the expiration of the insurance period, if there is any outstanding loan principal and interest, it can be deducted from the insurance premium. When the applicant or the insured fails to repay the loan within the time limit, and the principal and interest of the loan reach or exceed the liability reserve or surrender premium, the insurance contract is invalid.

Second, the main role of policy loans

1, which can meet the needs of short-term capital turnover and turn the "dead" policy into "living money".

2. The policy loan procedure is simple, and you can get the funds on the same day.

3. The original protection function of the policy is still valid after the loan, and you can also participate in dividends at the end of the year.

4. No creditor-debtor relationship is formed. Therefore, if the debt is not repaid at maturity, the debt liability will not be investigated.

A general loan means that a creditor lends money to a debtor, and the two parties sign an agreement stipulating that the debtor will repay the principal and interest when due.

If the loan of China life insurance policy is delayed, users can call the official customer service hotline of China life insurance at 955 19 for consultation.

How soon will the policy loan arrive?

After the loan is approved, it can be paid to the account. The approval of policy loans usually takes 1~5 working days (excluding Saturday, Sunday and legal holidays). The specific time is related to the lending institution applied by the lender and the personal qualification of the applicant. After receiving the account, the lender can consult the lending institution through customer service telephone or directly inquire at the business outlets of the lending institution.

Policy loans have the characteristics of short term and large amount. Because there are many kinds of policy loans, and many factors of the borrower will affect the speed of mortgage, dad dare not generalize. However, the general policy loan can be completed in 2-3 days. If you have complete information and are fully prepared, it is entirely possible to lend money on the same day. For example, life insurance policy loans arrive in a few days, mainly depending on the user's application route. If it is an online application and online review, the loan and the account will be completed on the same day after the review is passed. Offline application for policy loans is slower than online application, because both review and lending are done manually. It usually takes 1-3 days for users to lend money after they have passed the loan review.

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Ping An Bank has launched a new life insurance policy loan, which is usually granted within 1-3 working days. After approval, the loan is generally released within three working days.

Conditions to be met: 1. There are outlets in the city where you work and live; 2. China citizens holding second-generation ID cards; 3. Age is 23-55 years old (inclusive); 4. The policy payment method is not wholesale payment; 5. The current status of the policy is valid, in which the insurance cannot be interrupted during the payment period, and the application is not supported when it is re-effective; 6. Do not accept that the policy has a corresponding policy loan; The corresponding policy loan has been settled and the settlement time is 6 months or more, which is acceptable; 7. The payment period of the policy shall not be less than the payment period of the policy; And the annual payment frequency is ≥3 times. Among them, the quarterly payment times are ≥9 times, and the monthly payment times are ≥25 times; 8. The insured has not changed in the past year.

How long does it usually take for the policy loan to arrive?

There is no specific time standard for repayment. Sometimes the bank transfer fee is deducted on the same day. If you catch up with Saturday and Sunday, you can't transfer money. Under normal circumstances, the transfer can be successful in about 3 to 5 working days. As long as the application for repayment is successful, you don't have to worry. If the repayment is successful, the company will send you a message.

China life insurance policy loan and repayment can be handled on Huawei Glory 50 (Android system) mobile phone "China Life Insurance" APPv3.0. 19 version, without going to the counter.

If it has been downloaded and installed, Huawei Glory 50 (Android) mobile phone can log in to APPv3.0. 19 of China Life Insurance, click "More" on the home page and "Policy Repayment" in the policy service section.

If not, you can search for "China Life Insurance" in the "Application Center" or "Application Market" of the mobile phone desktop, download, install and register, and finally perform authority authentication, which requires the applicant's valid bank card. Remember that the mobile phone number reserved in the bank is still used when handling the bank card, because a verification code is needed. In particular, bank card authentication, not bound to bank cards, only through authority authentication. After completing the intermediate certification, you can complete the repayment according to the above operation process.

If you want to know more about insurance,

1. Borrowing is not a function of all contracts. That depends on whether you have it in your terms. For example, China Life Hongtai's old-age security (dividend-sharing) has no borrowing function. If there is a loan clause in the terms, it means that it can be borrowed. 2. The maximum amount of the loan. It depends on how many years you bought it, mainly according to the new insurance law, that is, before 2009 10. The maximum loan amount is 70% of the cash value, followed by 80% of the cash value. 3. The interest rate of the loan. Every company is different. Before 20 1 1, China Life was 5.56%, and after 20 1 1, it was 6.56%. This is floating, mainly because the company is formulated under the premise of legal compliance. 4. Borrowing time. China Life's longest loan period is 6 months. This does not mean that it can only be borrowed for six months, but only once every six months. The trial calculation of your loan is also based on this time. If you can't repay after 6 months, you can continue to accumulate loans without any formalities. Cumulative square test: loan interest for 6 months of loan principal = refinancing principal. Then calculate the loan interest with the new loan principal until the cash value is not enough to pay the loan. Emphasize that the loan interest rate will be settled on the repayment date. If your insurance contract expires, the loan interest will still be calculated, so it is the responsibility and obligation of the insured to repay the loan as soon as possible.

How long will it take for Hong Zhong's policy loan to arrive?

How soon will the policy loan in Hong Zhong arrive?

Policy loans will not arrive in real time, but if you have complete information and adequate preparation, it is entirely possible to lend money on the same day. The policy loan can be completed in 2-3 days. As for the funds for the policy loan, it will arrive in a few days, mainly depending on the application channels of users and the approval of insurance companies.

If you apply for a policy loan online and review it online, then after the approval, the loan will be released on the same day and received on the same day. Offline application for policy loans is slower than online application because both review and lending are manual operations.

This is the end of the introduction of how long the policy loan will arrive.