If the bank cheats on insurance, how can I return it?

If you are cheated into buying insurance in the bank, you can apply for cancellation, which means you can get your money back.

You can withdraw cash at the bank counter on the day of insurance, but there are requirements for withdrawal. The insurance sold in the bank can be surrendered at the bank counter on the day of insurance application (in layman's terms, it is equivalent to cash withdrawal), and then the money can be returned to the customer's account on the spot. This can be done because the money has not been transferred to the account of the insurance company.

However, the day after the insurance, the bank counter could not cancel the bill. Consumers go to the counter of the insurance company to fill in the application form for surrender, or ask people from the insurance company to bring the application form to the bank outlets. It will take another three to five working days to get the money back. Most consumers don't know this situation, and in order to prevent citizens from surrendering, neither insurance companies nor banks will take the initiative to mention it to consumers.

Especially for banks, it is generally unwilling to accept the withdrawal of orders on the same day, because the withdrawal of orders will affect the error rate assessment index of operators. If you miss the evacuation meeting that day, the public need not worry. According to the relevant provisions of the Notice of China Insurance Regulatory Commission and China Banking Regulatory Commission on Further Regulating the Sales Behavior of Insurance Agency Business of Commercial Banks, insurance has a hesitation period.

That is to say, within 15 natural days after receiving the insurance contract, you have the right to surrender the insurance in full (less than 10 yuan). Surrender beyond 15 natural day will result in losses. It may not be cost-effective to surrender after 15 days, and the shorter the insurance time, the greater the loss of surrender.

Extended data:

If the insurance is cheated by the bank, the applicant can apply for a refund, because the insurance period of the insurance products sold by commercial banks is more than one year, and the contract should stipulate a hesitation period of 15 natural days, and specify the rights of the applicant during the hesitation period in the contract. The hesitation period shall be counted from the date when the insured receives the insurance policy and signs it in writing.

In particular, the insurance company should send a reminder message to the insured's mobile phone in the name of the insurance company within 24 hours after deducting the first premium or within 24 hours after underwriting without deducting the first premium. It is suggested that short messages should be popular and concise, which is convenient for policyholders to read and understand.

Prompt SMS should at least include: the name of the insurance company, the name of the insurance product, the insurance period, the start and end time of the hesitation period (except for billing in different places), the premium and future payment frequency, and the company's unified customer service phone number. The insured should read the terms of the insurance contract carefully.

People's Daily Online-Fuzhou: Albert was cheated out of 80,000 yuan by the bank lobby manager for insurance.

China Banking Regulatory Commission-China Insurance Regulatory Commission and China Banking Regulatory Commission on Further Regulating Commerce