文档介绍：保险单现金价值(Cash value of an insurance policy)
In April 1999, Li in an insurance company to purchase 88 Hongli life insuranff's request for full refund of the insurance premium.
[legal analysis]
The case involves the application of the insurance policy, the cash value, the insurance contract, the dispute interpretation principle and so on.
The cash value of an insurance policy, also known as "surrender refund value" or "surrender value”, refers to the value of the personal insurance (life insurance) sheet with the nature of savings. Life insurance policy is valuable, is because of the nature of life insurance has savings, the insured to pay the insurance premium and the insurance accident insurance company is not liable for damages occurred during the purchase of insurance, at the same time all paid insurance premiums, the insurance company shall return the cash value. That is to say, the premium paid by the insured person is not just about buying the safe, but also partly for saving”. A simple way of cash value is: the insurance policy cash value = the insured has paid insurance fee for the insurance company management expenses in the policy on the allocation of the insurance amount, one-way insurance agent commission, insurance companies have to undertake the responsibility of the insurance policy required maternity insurance + pure premium generated profit. Generally speakin