Insurance Verifier Question: Download Questions PDF
Please explain is it possible to get the full payment on cancelling the new policy in free look period?
Answer:
‘Free Look Period’ is a time-period where the insurer can cancel their newly bought policy in a specific period of time from the date of issuing the policy without any penalties or surrender charges.
Yes, it is possible to get the full payment in free look period; you can cancel your new policy in 15 days by returning the policy to the life Insurance company after you receive all the documents related to the policy.
Yes, it is possible to get the full payment in free look period; you can cancel your new policy in 15 days by returning the policy to the life Insurance company after you receive all the documents related to the policy.
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