Utility News Desk!!! Life is full of great uncertainties. What will happen here? Who gets which disease when? Nothing can be said. People spend a lot of money on diseases. That is why people are already prepared for such problems in future. Many people already have health insurance. Due to which if any such problem arises in future. Therefore they will not have to bear the cost of treatment. Today we will tell you how you can get your money back by canceling your insurance policy.
Suppose, if you want to cancel your health insurance plan, there are some rules that you should be aware of. However, you can cancel health insurance at any time. For this you do not need to wait for any waiting period.
The insurance company offers a free-look period of 30 days after online health insurance policy and 15 days after offline policy. During this period, if the customer is not satisfied with the conditions of the insurance company, he can cancel his insurance policy by writing an application. Under the free look period, the customer will get up to 100 percent of the premium amount. However, during this period the company may deduct some premium from you depending on the number of days.
Once you realize that you are not satisfied with the plan purchased, you can contact the insurance company about canceling the policy. Some health insurance companies provide an official form, which you have to fill properly during the free look period. While filling the cancellation form you have to fill some important information like reason for policy cancellation, policy details, date of receipt of policy document etc.
After the form filled by you is accepted by the company, the insurance company will contact you and verify you, apart from this the company can also give you offers about this insurance and suggest new ways. Even after this, if you want to cancel the health insurance policy online, the insurer will have to process the request and initiate the refund. Also you can go with the following aspects.
Contact the insurance company’s support department to submit a policy cancellation request.
You need to send a written request offline or online stating your policy details and the reason for canceling the policy.
After receiving the request for policy cancellation, the insurance company will try to give you a solution in this regard.
If you still wish to cancel the policy, the policy cancellation process will be initiated.
Depending on the period for which you were insured, the insurance company will deduct the premium amount and send you the refund.
An official cancellation letter/email will be sent to you by the insurer.