If you want to cancel a policy, do it yourself with the insurer and not through an "agent canceler" (代理退保); if you feel misled, call 12378 (the banking and insurance complaint hotline) to complain
- High value
- Evidence B
- Saves money
- Free
- Takes minutes
- No willpower
In plain words
Online ads shouting "full refund, no fee unless it succeeds" are mostly illegal agent cancelers. They take 30% to 50% of the refunded money, and also ask for your ID card, bank card and verification codes. Once the policy is canceled, the coverage is gone too. If you feel misled, first go to the insurer's customer service, and if you can't reach agreement call 12378, free of charge throughout.
Mentioned in
Translated from the Chinese original. Original book, section 5, tip 43. This section is about money and spending. It is general information, not financial or investment advice. Content may be out of date and rules differ by place. When you actually deal with an agency, a doctor or a court, follow what local officials, doctors and lawyers tell you. Disclaimer