Application for Free Look Cancellation of Insurance Policy

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Request Letter for free look cancellation of Insurance policy

To,

The Manager,
__________ (Name of Insurance Company),
__________ (Insurance Company Address)

Date: __/__/____ (Date)

Subject: Request for free look cancellation of policy number ________ (policy number).

Sir/Madam,

Respectfully, I am _________ (Your Name) holder of an insurance policy from your insurance company ______________ (Insurance company name) taken on _______(Date of Insurance Policy Taken) having policy number __________ (Policy Number).

I want to cancel the policy under free look cancellation period due to ___________ (reason for cancellation – personal reason/wrong commitment/ financial issue/ any other reason)

I request you to kindly complete the formalities of the cancellation of the policy and transfer the amount of this policy to my account no. ____________ (account number). The said bank account is already updated in your records.

I am enclosing _________ (insurance policy bond paper/policy surrender request/ bank account statement/cancelled cheque/bank passbook copy, photo, insurance application form) along with the application.

Your prompt action on the same will be highly appreciated.

Thank you,

Signature: _____________
Your Name: __________
Policy Number: __________
Mobile number: _________

Live Editing Assistance

Live Preview

How to Use Live Assistant

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

Additional Template Options

The letter writing editor allows you to start with predefined templates for drafting your letters:

• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Download Options

Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.

Share via Email

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Share via WhatsApp

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

Copy to Clipboard

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

Print Letter

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.

FAQs

1. What is free look cancellation in insurance?
   • Free look cancellation allows policyholders to cancel their insurance policies within a specified period after purchasing, usually within 15 to 30 days, and receive a full refund of the premium paid.
2. What is the reason for opting for free look cancellation?
   • Reasons for opting for free look cancellation may vary, including dissatisfaction with policy terms, coverage, premiums, or realizing the policy does not meet the policyholder's needs or expectations.
3. What documents are required for free look cancellation of an insurance policy?
   • Documents required for free look cancellation typically include the original insurance policy document, a duly filled cancellation request form, identification proof, and bank account details for refund processing.
4. How long does it take for an insurance company to process a free look cancellation request?
   • Insurance companies usually process free look cancellation requests promptly, and the refund is typically disbursed to the policyholder's bank account within a few weeks of the cancellation request submission.
5. Can I cancel my insurance policy after the free look period?
   • Yes, policyholders can cancel their insurance policies after the free look period, but it may involve additional charges or penalties, and the refund amount may be subject to deductions.

Incoming Search Terms:

• request letter format for free look cancellation of life insurance
• free look cancellation of insurance policy sample letter
• policy cancellation letter to insurance company template