How to buy multi-year insurance and what should I do if I immigrate?

1. Insurance (social security and commercial insurance) If the domestic hukou is relocated, it can also be relocated, so don't worry.

2. If you emigrate, you can no longer use social security, but you can only surrender your insurance and return the balance of your personal account.

Commercial insurance is divided into two situations:

A. For long-term life insurance, you can surrender, but this will only refund the cash value of the policy and cause you some losses. It is recommended to keep the policy valid, and the death or survival insurance premium will be paid to your account by the insurance company.

B. medical insurance, including hospitalization, accidental medical treatment, hospitalization allowance, etc. Generally, such products cannot be used abroad, and they can only be surrendered. Although critical illness insurance can also claim compensation, the procedure will be more troublesome and you may need to go back to China for diagnosis. You can consider turning yourself in. This kind of insurance will generally return the unexpired pure premium after surrender, depending on the regulations of various insurance companies.