How to cancel China Merchants Bank’s credit card insurance business
Just bring your ID card and credit card to the counter to cancel.
Credit card insurance generally refers to an agreement in which the card issuer signs an agreement with the relevant insurance company to pay a certain insurance premium every year. When the risk loss specified in the contract occurs, the insurance company is responsible for compensating it. A credit card business risk management method. Commonly known as "lost card insurance business", this kind of credit card insurance mainly includes two types: credit card credit guarantee insurance and credit card accident liability insurance.
Credit card insurance is an insurance that covers losses caused by overdrafts without good faith when the cardholder uses the credit card, fraudulent use by others after the credit card is lost or stolen, employees of the issuing bank using the credit card or misappropriation of public funds.
Credit card insurance is an insurance that covers losses caused by non-bona fide overdrafts when the cardholder uses the credit card, fraudulent use by others after the credit card is lost or stolen, employees of the issuing bank using the credit card or misappropriation of public funds.
Credit card insurance generally refers to an agreement in which the card issuer signs an agreement with the relevant insurance company to pay a certain insurance premium every year. When the risk loss specified in the contract occurs, the insurance company is responsible for compensating it. A credit card business risk management method. Commonly known as "lost card insurance business", this kind of credit card insurance mainly includes two types: credit card credit guarantee insurance and credit card accident liability insurance.
Credit card credit guarantee insurance is a type of insurance in which the insurance company uses the bank's credit card department as the policy holder and the insured to compensate for irrecoverable economic losses caused to the bank's credit card department by the cardholder or other reasons. .
Credit card accident liability insurance means that the insurance company takes the cardholder as the insured and cannot recover compensation for the loss or theft of a credit card that is fraudulently used by others before the effective date for reporting the loss specified by the credit card department. , a kind of insurance that should compensate the cardholder for economic losses.
What is the significance?
Transfer the business risk of the card issuer. The existence of credit card risks is independent of human will. With the increasing development of the credit card business, the number of criminals using credit cards to commit crimes has gradually increased, resulting in increasing economic losses for card issuers. The occurrence of bad debt losses has affected the operation and development of the card issuer's credit card business. Credit card insurance can enable the card issuer to receive partial or full compensation when the above-mentioned economic losses occur, so that the operating risks of credit cards have been transferred to varying degrees.
Eliminate cardholders’ worries. Since the credit card regulations of each card issuer clearly stipulate the initial time limit for reporting the loss of a credit card, the biggest risk for cardholders is that the credit card reported as lost is used fraudulently by others before the loss report takes effect. If you participate in credit card insurance, you only need to pay a few yuan in insurance premiums every year to transfer economic losses of hundreds, thousands, or even tens of thousands of yuan, so that cardholders have no worries.
Continuously and steadily develop credit cards. Since the credit card business is a high-risk and high-profit business, malicious overdrafts, counterfeiting, and other behaviors will occur to varying degrees in every card issuer. The losses caused by these behaviors are difficult to predict in advance.
Credit card insurance can turn these unpredictable unexpected losses into reasonable, small, and fixed insurance premiums to obtain quick, timely, and adequate compensation, thereby greatly reducing It reduces the risks in credit card business operations, increases the economic benefits of credit card business, and enables the credit card business to develop safely, sustainably and stably.
Promoting credit card insurance will help card issuers enhance customer loyalty. In the form of premium payment, through limited investment, it can not only reduce the card issuer's cardholder service costs, supplement and improve the unit's credit card cardholder service system, and enhance cardholders' recognition and loyalty to its brand, And it can increase the public's enthusiasm to apply for the institution's credit card.
Urgent! ! ! Regarding how to cancel China Merchants Bank credit card telemarketing insurance
First, directly complain to the China Banking and Insurance Regulatory Commission and tell them the specific situation, or mail a complaint letter to the Municipal Insurance Regulatory Commission. In addition, it is best to have evidence to prove that the sales are misleading.
It is worth noting that the evidence must be mailed within the specified period, otherwise the complaint will be deemed to have been abandoned.
I need to remind you: insurance companies will always refuse to cancel the policy because they have a return call, but face-to-face misleading sales are illegal, and even if there is a recording of the return call, it is useless.
The bancassurance business is that banks and insurance companies serve the same customers and use the same products that have both banking and insurance characteristics as sales targets. Through the same sales channels, A new business that provides integrated marketing of different products and diversified financial services to different customers.
The main models of bancassurance in the world Judging from international experience, it is very necessary for bancassurance to develop well and establish close capital connections. The deepening of bancassurance is a process from product cooperation to capital cooperation.
From an economic perspective, product cooperation is mainly based on distribution channels, and there is a principal-agent mechanism. Due to information asymmetry, it will lead to short-term effects, increased costs and moral hazard.
So they will gradually turn to capital cooperation to share the profits of growth with each other. At present, the product consignment method is widely adopted in China, and there are also financial services groups involving equity structures.
With the development of China's market economy, the banking industry is gradually transitioning to commercial banks, and its operations and development will gradually be carried out in accordance with the laws of market economy. Profit is the goal of bank operations.
First, as the country’s financial market continues to open up, more and more banks have joined the market to compete, and the expected profits from banks’ regular business have gradually declined, forcing banks to find ways to find new profits. growth points, and stabilize or increase their customer base through new services;
The second is the serious lack of domestic purchasing power and the economic downturn of industrial and commercial enterprises, which has caused a reduction in banking industry loans and increased risks. The sharp reduction in interest rates and the introduction of interest tax have made the development of bank deposit business difficult.
The third is the risk of housing and automobile consumer loan business, prompting banks to seek insurance as a measure to transfer risks.
Fourth, the bank's computer network has been connected, the outlets are reasonably distributed, the risk prevention system is perfect, and the quality of personnel is high, which provide basic conditions for the bank to develop agency insurance business.
A. Type of insurance:
The insurance promoted by China Merchants Bank’s credit cards is accident insurance or medical insurance, which is consumer insurance. The characteristic of consumer insurance is that it pays when something happens and consumes when nothing happens.
B. Protection period:
The general protection period of consumer insurance is one year. Monthly deductions are just different deduction methods. Once you apply, you have to pay continuously for one year. Monthly deductions and annual deductions are just the difference between installment deductions and one-time deductions.
C. Deduction method:
The deduction method is through automatic transfer by credit card. The settlement date is the same as the settlement date of your credit card. You can just repay it then.
D. Regarding surrender and card cancellation:
Refund: If you have purchased the policy within 10 days, you can surrender it directly without any handling fee; if after 10 days, you can cancel the policy. There is no need to surrender the policy because the insurance contract is already in effect.
It is valid for 1 year, and you must deduct the insurance premium at the same rate for 12 consecutive months. If you pay, you will still be insured. If you refund, you will have paid the money, but you will not be protected.
How to cancel the insurance after buying insurance with China Merchants Bank Credit Card?
Since 2002, China Merchants Bank Credit Card has become the leader of China’s credit cards and has achieved remarkable achievements so far. .
Nowadays, people can use China Merchants Bank credit cards to buy insurance. So how do we cancel the insurance when we buy insurance with China Merchants Bank credit cards? So if you buy the wrong insurance, do you need to surrender it? If so, how can you do so without losing money? Can I get a refund if I buy the wrong insurance? How much money can I get back if I surrender the policy? How to cancel the policy in full?
China Merchants Bank sells insurance with credit cards? How to cancel the insurance after buying it?
China Merchants Bank Credit Card Center adopts nationwide centralized operations to achieve professional and integrated credit card services. In December 2002, the country’s first “one card, dual currency” credit card that complied with international standards was issued. So how do we cancel the insurance if we bought it with a China Merchants Bank credit card?
There are currently two channels for purchasing insurance with China Merchants Bank credit cards, namely online insurance and offline insurance. Relatively speaking, online insurance not only has a favorable price, but also has guaranteed claim settlement services. The steps for surrendering insurance on a China Merchants Bank credit card are:
1. After discovering that the premium has been deducted, contact the credit card center and the insurance company;
2. Explain the process from receiving the call to deducting the payment. The entire process, and stated that the product purchased did not match the one introduced over the phone, and requested a refund of the deducted premium;
3. Send a several-hundred-word explanation of the situation and the policy received to the insurance company respectively. and credit card center.
If the customer agrees to deduct the premium over the phone and completes the issuance of the bill, but the insurance contract received by the customer does not match the insurance functions described by the original customer service staff, the bank can assist the cardholder to complete the surrender procedure. . However, it should be noted that unilateral request for surrender of the policy can generally only refund 60% of the premium. However, if a customer requests to surrender the policy, the specific situation must be analyzed in detail to find out that there is indeed a gap between the insurance product explained by the staff and the customer’s understanding. , China Merchants Bank can promise to refund 100% of the premium.
I need to remind everyone that no matter how you buy insurance, you must choose the insurance that suits you. When buying insurance, you must pay attention to the order of insurance. You must first protect the adults and then the children, because the adults are children. The only thing to rely on is that if something happens to an adult, both the adult and the children will be implicated; then, one must first provide protection and then educate. This is mainly for children. Because children are more likely to have accidents and contract diseases than adults. What are the good critical illness insurances for children? Which ones are cost-effective? Which one is the most worth buying? Let’s take a look at the top 10 best-selling children’s critical illness insurance from the top 10 insurance companies
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Is China Merchants Bank’s credit card financial insurance cost-effective?
As As people's concept of financial management deepens, many policyholders choose to purchase various financial products or financial insurance products. Since insurance companies launched financial management insurance products, they have been sought after by many people in the society, such as China Merchants Bank's credit card financial insurance. Even though financial insurance is a product that is very popular among people, some people will inevitably wonder before buying it: Is it cost-effective to buy financial insurance? For this reason, I will tell you through this article. Which insurance company is the best? I just compiled the relevant content. I hope it will be helpful to you: the latest list! Ranking of the top ten insurance companies in the country
How about the insurance of China Merchants Bank Credit Card Center
Many people will seriously consider one issue when choosing the insurance products of China Merchants Bank Credit Card Center, and that is the products of this insurance company In order to give you a better understanding, this article will introduce it to you.
How to cancel insurance after being defrauded by credit card?
If a user is defrauded into purchasing insurance by credit card and wants to cancel the insurance, he must firmly grasp the hesitation period for insurance surrender. According to regulations, the 15 days after the user takes out the insurance are considered as the hesitation period. If the policy is surrendered during the hesitation period, the loss of the policy holder will be lower. If the policy is surrendered after the hesitation period, the policyholder can only get the amount of the policy itself. .
There are two types of surrender. The first one is surrendering the policy within the hesitation period. If the policy is surrendered during the hesitation period, the insurance company will refund the premium paid after deducting the cost of the policy. The hesitation period means that you can return the product without reason within the first ten or twenty days after purchasing it. The hesitation period for most long-term insurance products is about 10-20 days.
The second type: withdraw the policy after the hesitation period. After the hesitation period, the policyholder applies for termination again, and the insurance company will refund the cash value of the policy within 30 days after receiving the application.
1. You can apply for surrender by calling the insurance company’s customer service number. After dialing, you can make a surrender request to the customer service and provide relevant materials.
2. You can go to the business outlet of the insurance company to cancel the policy, and you need to bring the contract cancellation application, ID card, insurance policy and other relevant information.
Insurance surrender process:
1. First, confirm whether you meet the surrender requirements. You can call the insurance customer service phone for consultation, or you can go to the insurance company to ask;
2. After confirming that you meet the conditions for surrender, prepare relevant surrender information as required. Generally, you need to prepare your valid ID card, bank card, first-term invoice, first-term policy contract, etc. It is recommended to prepare the originals and copies;
3. Then bring the materials to the local insurance company counter to handle the surrender procedures. You need to get and fill out an "Application for Cancellation of Insurance Contract", fill it out and hand it to the insurance company's staff. In addition, You are also required to fill in some documentation and read the signature clearly;
4. Specify your bank account for surrender. If it is a new card, you must give the other party a copy of the bank card;
5. After waiting for the insurance company’s review, the insurance company will transfer the money to the designated bank account after the review is passed.
How to cancel the China Merchants Bank credit card insurance
1. There are two situations for surrendering the insurance
The first is to directly call the customer service hotline to cancel the insurance before the payment is deducted. Second, the payment has been deducted. At this time, you need to contact the credit card and insurance company to sign a written surrender agreement. In order to avoid the trouble caused by surrender of insurance, consumers should consider carefully before purchasing insurance.
2. Cancellation method
1. Cancel the policy directly by phone. If you just want to cancel the policy after you have just purchased the policy, you can call the customer service hotline to cancel the policy at this time, because the insurance company No payment has been made yet, so it’s easy to compare prices.
2. It is more troublesome to cancel the policy after you have purchased it for a period of time.
① Contact the credit card center and the insurance company after deducting the premium; ② The entire process from receiving the call to deducting the payment, and said that the characteristics of the product described on the phone were not in line with his expectations. , requesting a refund of the deducted premium; ③ The received policy and a several-hundred-word explanation of the situation are sent to the credit card center and the insurance company respectively.
3. Online surrender
Some insurance products purchased through China Merchants Bank’s self-service channels can be surrendered by logging into online banking or mobile banking: 1. Public version/professional version path: Click "Investment Management"-"Insurance"-"Bank Insurance"-"Policy Inquiry" and follow the prompts; 2. Mobile banking path: Click "My"-"All-in-one Card"-"Investment Management"-"Insurance"-" "Policy Inquiry" and follow the prompts. Mobile phone and APP models: Alipay, Apple 12, ios14, Alipay version 10.2.3
WeChat, Apple 12, ios14, WeChat version 8.0.13
JD Finance, Apple 12, ios14 , Jingdong Finance version 6.1.10
Browser, computer: macbookpromos14 Open Google version 92.0.4515.131 If you purchased the insurance with the all-in-one card at a China Merchants Bank branch, you can contact the handling bank or insurance company to inquire about surrender matters. For insurance purchased with a China Merchants Bank credit card, you can contact the credit card center to inquire about how to cancel the policy.
In order to avoid the trouble caused by surrender of insurance, consumers should think carefully before purchasing insurance. Today is a legal society, and many things closely related to life are inseparable from the law, so we should have some understanding of some common legal knowledge.
The existence of the law can help us better deal with some things around us.
How to cancel the insurance business on the credit card?
Cancel the insurance business on the credit card (surrender or automatic deduction) , ***There are two methods:
1. Solve the problem through bank channels, call the credit card customer service hotline, ask the customer service to cancel the insurance deduction or surrender of the credit card, and follow its instructions; or Bring your ID card and a bank card bound with insurance for automatic deduction, and go to the bank to handle relevant business. You can go to the bank and ask the staff in the lobby for relevant business processing information, and the general staff will assist with specific business operations.
2. Solve the problem through the insurance company channel. Call the customer service hotline of the insurance company underwritten by the insurance on the credit card for assistance, or log in to the official app of the insurance company to handle insurance preservation or surrender online. You can also go to the insurance company’s customer service center to handle the matter in person.
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That’s it for the introduction of how to refund China Merchants Credit Card Insurance.