He surrendered his insurance policy, ie gave up his right under the policy in return for immediate payment.
If there are incidents of large-scale collective surrender, or surrender gold has increased, while it is necessary to increase the analytical report.
He surrendered his insurance policy.
4. 年 12 月 1-5 日，中国精算项目工作组在广州召开了第二次会议，主要讨论了制订寿险精算规定的有关问题，包括寿险产品的定价，责任准备金的评估及退保金的计算等问题。
5 December 1997: The taskforce of the China actuarial profession held its second meeting in Guangzhou, focusing on actuarial calculation administration for life insurance, including the premium rating, reserving and surrender valuation methods.
8Any large-sum insurance policy is withdrawn within the hesitation period, or any insurance is withdrawn or the cash value is drawn within a short term after the date of effectiveness of the insurance contract, and the premium refund is transferred upon direction into the account of a third party or into a non-premium payment account.
The policy holder is the applicant for termination benefit.
Life insurance needs to pay a lot of surrender value to policy holder when there is a mass concentration of surrender, it will be facing liquidity risk if life insurance do not have enough cash or ability to raise funds in time.
Surrenders refers to life insurance companies in the long-term business operations, the policyholder surrenders when raised for various reasons, in accordance with the provisions of the insurance contract surrender values paid to policyholders.