Regulations Governing Enrollment in Postal Simple Life Insurance Policies Article 16

Proposers terminating the contract in accordance with Article 18 of this Act shall prepare a notice of contract change and submit it together with the policy to the handling office of Chunghwa Post. Those who paid the premiums for more than one year may apply for the return of policy value reserve that they are entitled to.The conditions and amount for the return of policy value reserve due as referred to in the preceding paragraph shall be specified in the insurance contract, and the amount shall not be less than 90% of the policy value reserve.When the proposer terminates a lump-sum payment insurance contract, the insurer shall return the entire policy value reserve.