In general, if you do not sign the contract for insurance sold by Minsheng Bank over the phone, no fees will be deducted.

Bank insurance is a cooperation between banks, postal services, fund organizations and other financial institutions and insurance companies to provide products and services to customers through the same sales channels; bancassurance is a combination of different financial products and services. Mutual integration, mutual complementation, and common development; bancassurance, as a new insurance concept, reflects the strong cooperation and interconnection between banks and insurance companies in financial cooperation.

This method first emerged in France, and the Chinese market has just started. Compared with traditional insurance sales methods, its biggest feature is that it can achieve a "triple win" for customers, banks and insurance companies.

Insurance is an insurance fund established with concentrated insurance premiums, which is used to compensate the insured for economic losses caused by natural disasters or accidents, or to provide material protection for personal casualties and loss of work ability. an economic system. From a legal perspective, insurance is a contractual act. The policy holder pays the premium to the insurer, and the insurer will compensate the insured when the insured suffers losses stipulated in the contract.

Insurance contracts are often called policies. To explore its essence, insurance is a social arrangement in which people facing risks are organized through the insurer, so that personal risks can be transferred and dispersed. The insurance fund is organized by the insurer and borne collectively. If the insured suffers a loss, then Compensation may be obtained from insurance funds. In other words, one person's loss is shared by everyone, that is, "everyone for one, one for everyone."

It can be seen that insurance is essentially a mutual aid behavior. The risks covered by insurance are limited to pure risks. In other words, insurable risks must be pure risks. The so-called "pure risk" refers to the uncertainty where there is only the possibility of loss but no chance of profit. The uncertainty of both the possibility of loss and the opportunity for profit is called "speculative risk".