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Contributor
dasu
Posts: 50
Registered: ‎31-03-2016

Premium refund in case of mid-term policy cancellation

How much premium is refunded in case of mid-term home policy cancellation?

1 ACCEPTED SOLUTION

Accepted Solutions
Regular Contributor
Arti
Posts: 182
Registered: ‎30-08-2021
Solution

Re: Premium refund in case of mid-term policy cancellation

Dear Sir , 

 

Premium refund is calculated basis the cancellation request recorded in the system , Request you to refer policy terms & condition to understand the cancellation grid for refund amount .

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3 REPLIES 3
Frequent Contributor
hayat
Posts: 106
Registered: ‎22-03-2016

Re: Premium refund in case of mid-term policy cancellation

Yes. Retention of premium on short period scale and balance if any, will be refunded. 

Regular Contributor
Arti
Posts: 182
Registered: ‎30-08-2021
Solution

Re: Premium refund in case of mid-term policy cancellation

Dear Sir , 

 

Premium refund is calculated basis the cancellation request recorded in the system , Request you to refer policy terms & condition to understand the cancellation grid for refund amount .

View solution in original post

New Member
Mutturaj001
Posts: 1
Registered: 2 weeks ago

Re: Premium refund in case of mid-term policy cancellation

Can anyone share HDFC home loan insurance cancellation process. As the loan is closed and need to take refund insurance premium.