How to cancel the policy?
Cancellation Period |
Refund |
|---|---|
Within One Week of inception of cover |
25% of premium |
Beyond One Week of inception of cover but within 15 days of inception of cover. |
12.5% of Premium |
Beyond 15 days of inception of cover |
NIL |
We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro-rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.
