In case the policyholder disagrees with any of the terms and conditions, he / she has the option to cancel the plan
during the free look period by returning the original plan document along with a written request stating the specific reasons and objections for cancellation.
It is important that you read the list of visitors insurance exclusions carefully before purchasing a policy and review once
again during the free look period so you know exactly what is covered by your visitors insurance policy and what isn't.
Always cancel your policy
during the free look period through your insurer and never go by oral intimation to the agent as the agent might try to delay the process so that the free look period will expire.
As always, it's important to understand what's covered and what is not in the policy you purchase, so spend a little time reviewing the plan
details during the free look period.
Remember, it is better to return your policy and get the
refund during the free look period, than to wait for the complete year to lapse the policy by not continuing to pay the premium.
You can even cancel the policy or make changes to
it during the free look period.
During the free look period, the purchaser can continue to ask the insurer questions regarding the contract in order to better understand the policy.
Free look period of this policy is 15 days to review the terms and conditions of the policy and if the proposer is not satisfied with the policy, he can return the policy
during free look period.
During the free look period, you the right to change your mind for any reason.
If you do decide to cancel your visitors insurance plan or make any changes to
it during the free look period, here is what you should know:
In case you cancel the policy
during free look period, the insurer will only deduct service tax, medical checkup expenses, incurred if any.
You don't get the full refund when you cancel your policy
during the free look period.
You also need to submit the following documents for cancellation of your policy during the free look period
This feature of an insurance policy removes the danger of mis - selling by agents also as the buyer gets the time for analyzing and reviewing the policy
during the free look period.