Can I avail a free look period during policy renewal?

No, the free look period is usually available only when you buy a new policy. It does not apply to policy renewals, as renewals do not offer an option to review and cancel.

How is the free look period calculated?

The free look period begins on the day the policyholder receives the policy document and remains valid for the next 30 days. If the policy is cancelled within this period, the policyholder is eligible for a refund after deducting applicable charges.

If I ported my policy from another insurer, do I still get a free look period?

Yes. When you port a policy, you enter a new contract with the new insurer. Therefore, the free look period for health insurance applies to ported policies as well.

Will the refund be credited to my credit card or bank account?

The refund is usually credited back to the original mode of payment. Credit card payments are reversed to the card, while cheque or cash payments require bank details for NEFT or RTGS transfer.

Is there a minimum refund amount guaranteed?

No. If deductions such as stamp duty and medical test costs exceed the premium paid, a refund may not be available. However, most standard policies refund the majority of the premium.

How will I be informed once my policy cancellation request is closed?

You will receive both an SMS and an email notification confirming that your policy cancellation request has been successfully closed.

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Free Look Period In Health Insurance

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