1. How to apply for a Ping An policy loan?

Policy loan application conditions:

The policy has been in effect for more than 6 months

Every month Insurance with a premium of more than 200 yuan

Application information:

ID card

Employment certificate

Address certificate

Policies (can be stacked in three)

The types of insurance products that support the policy loan function are generally some long-term life insurance products. The specific loan amount depends on the effective year of the policy and the specific policy cash. value. According to regulations, the policy loan limit is calculated based on a certain ratio of the policy's cash value. This ratio varies from company to company, but is usually 70%-80% of the policy's cash value. Generally, policy loans are only available for policies that have a ‘cash value’. For long-term life insurance with a savings nature, the policy begins to have cash value one year after the policy is purchased. The longer the payment period, the higher the accumulated cash value. Policy loans are usually available for these policies, depending on the specific terms in the insurance contract.

How to get a loan for an 8-month Ping An insurance policy?

1. Ping An Insurance Policy Loan Conditions:

Anyone who holds a policy for _6 months will have the opportunity to borrow up to 500,000;

In 12 years_ In l When the policy holder and the insured are not the same person, you also need to prepare the original ID card of the insured), the original insurance policy, and the information required by the bank and insurance company. After preparation, go to the life insurance company counter to apply for a loan.

2. The counter staff accepts the application and reviews the information.

3. After the review is passed, the insurance company will determine the loan amount and sign a loan contract with the borrower. After the contract is signed, the policy is left with the insurance company as collateral, and the insurance company issues a loan.

In addition, two things should be reminded:

Firstly, the term of policy loans generally does not exceed 6 months. At present, the expected annualized interest rate of policy loans of various insurance companies is the same as that of bank loans in the same period. The expected annualized interest rate is flat or slightly higher. The current expected annualized interest rate for bank loans for six months (inclusive) is 5.6%. The standard implemented by most insurance companies is between 5.6% and 6.5%. In this regard, policyholders who need loans need to be aware of this.

Secondly, the insurance company will not accept policy loan applications if the policy is being automatically advanced, or has been guaranteed, reported as lost, invalidated, frozen, or has been applied for or is in the process of making a claim.

3. I bought a Hongyun Suiting Classic from Ping An and paid for it eight months ago. I borrowed 2,700 yuan from the policy loan. Now I don’t want to pay for it anymore. Can I still surrender the policy?

Of course you can

You can get back about 40%

4. The Ping An Fu policy has been in effect for eight months and has been paid for one year. My overall score is not enough to get a loan...

Probably not.