新华保险怎样退保直接

The process of direct surrender for Xinhua Insurance

Xinhua Insurance is one of the most popular investment options in China. But sometimes, investors may have a change of heart and want to surrender their policies. Here is a step-by-step guide on how to directly surrender a policy of Xinhua Insurance.

Step 1: Calculate the surrender value

The surrender value refers to the amount that the policyholder will get after surrendering the policy. The surrender value calculation is based on factors such as the sum assured, policy term, premium paid, and the number of years the policy has been in force. Xinhua Insurance has a specific formula for the calculation of the surrender value, and policyholders can access this calculation from the company's website or the policy document.

Step 2: Download the surrender form

To start the surrender process, policyholders need to download the surrender form from the Xinhua Insurance's website. The surrender form must be filled out and signed by the policyholder. Policyholders should ensure to enter all the required details, including the policy number, name, and bank account details, correctly. The bank account details are necessary to facilitate the transfer of the surrender value.

Step 3: Submit the form

After filling out the surrender form, policyholders need to submit it to the nearest Xinhua Insurance branch office. Alternatively, they can also send the completed form through courier to the address mentioned in the form. Along with the surrender form, policyholders need to submit a copy of their ID proof and the original policy document. In case the original policy document is lost, the policyholder can provide an affidavit attested by a notary public in place of the original policy document.

Step 4: Wait for the cheque or transfer

Once Xinhua Insurance receives the surrender form and other documents, the company will verify the documents' authenticity. After verifying the documents, Xinhua Insurance will process the surrender request. The processing time may vary depending on the type of policy and the amount of the surrender value. Once the surrender request is processed, the policyholder will receive the surrender value either through a cheque or transfer to their bank account.

Step 5: Policy termination

After transferring the surrender value to the policyholder's bank account, Xinhua Insurance will terminate the policy. The policyholder can no longer claim any future benefits or renew the policy. The insurer will issue a letter of termination that the policyholder can keep for future reference.

Conclusion

Xinhua Insurance's surrender process is simple and transparent. Policyholders who wish to surrender their policies should follow the above steps to ensure a hassle-free and quick surrender process. However, policyholders must take into account the tax implications of surrendering the policies and consult a financial expert before making the final decision.