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Is it possible to get the full payment on cancelling the new policy in free look period?

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Question added by Deleted user
Date Posted: 2017/02/27
muhammad nahar
by muhammad nahar , Procurement Executive , Mutiara International Grammar School

yes, basically for a contract that's under "free look period" are free to be terminated by the holder and get their full payment(except the insurer administration charges) within 10 days

Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

 Usuallu when cancelling a new and valid insurance policy , the insurance company charges a short period rate and calculate insurance premium due accordingly . Hence it is impossible to get full payment as refund permium .

Thanking you .

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