Surrender refers to an operation in which the insurer or the insured submits an application for termination of the insurance contract relationship in accordance with the contract after the insurance contract takes effect, terminates the insurance contract and returns the insurance premium. When going through the surrender procedures, you need to pay attention to the following aspects:
1. Check the insurance wording.
Before surrendering the policy, you should carefully review the surrender clause of the insurance contract to understand the conditions, procedures and fees of the surrender.
2. Prepare the necessary materials.
When going through the surrender procedure, you usually need to provide the following materials: the original insurance policy, identity certificate, surrender application, etc.
3. Fill in the surrender application form.
Fill in the surrender application form according to the requirements of the insurance company, and fill in the personal information and the reason for surrender accurately and clearly.
Fourth, go through the surrender procedures.
Submit the completed surrender application form and other necessary materials to the insurance company, and follow the procedures to complete the surrender procedures.
5. Wait for the processing result.
After submitting the surrender application, you need to wait patiently for the result of the insurance company. During the waiting period, you can keep abreast of the progress of the surrender.
6. Return of insurance premiums.
If the surrender application is in accordance with the provisions of the insurance contract, the insurance company will process it in a timely manner and refund the insurance premium to the insured.
The surrender process is as follows:
1.Prepare the necessary documents: original insurance policy, proof of identity, surrender application, etc.
2.Fill in the surrender application form: Fill in the surrender application form according to the requirements of the insurance company.
3.Submit application materials: Submit the completed surrender application form and other necessary materials to the insurance company.
4.Wait for the result: Wait patiently for the insurance company to process the surrender application and keep abreast of the surrender progress.
5.Refund of insurance premium: If the surrender application is in accordance with the insurance contract, the insurance company will refund the insurance premium to the insured.
When going through the surrender procedures, it is necessary to pay attention to the surrender clause of the insurance contract, the preparation of necessary materials, the accuracy of filling in the surrender application, the smooth progress of the process, and the return of insurance premiums. Only by understanding the precautions and following the correct process can you go through the surrender process smoothly.