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Terms and Conditions Cancellation and Refund Policy |
Cancellation Charges: We coordinate with our partners for the cancellation charges. Refund Process: Upon cancellation during the free look period, insurance companies are required to refund the premium to the policyholder after deducting applicable charges. The refund should be processed promptly, typically within a specified timeframe as per IRDAI guidelines. Partial Refunds: In certain cases where the policyholder cancels the policy after the free look period, insurance companies may provide a partial refund of the premium paid, after deducting charges such as administrative fees, risk premium for the period the policy was in force, etc. |
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