When composing a request letter for the cancellation of a life insurance policy, it's essential to maintain clarity and politeness. Clearly state your intention to cancel the policy and provide necessary details such as your name and application number. Specify the reason for cancellation and request prompt action. Express gratitude for their assistance.

Table of Contents:

Sample Letter for Cancellation of Life Insurance

To,
The Manager,
___________ (Insurance company’s name),
___________ (Insurance company’s address)

Date: __/__/_____ (Mention Date)

Subject: Cancellation of the life insurance application

Sir/Madam,

Through this letter, I would like to bring into your kind consideration that I have applied for life insurance in your reputed company bearing application number, ___________ (mention application number).

Respected, I apologetically inform you that due to the reason __________ (mention reason – not required/ better option available/ any other reason). Due to the said reason, it is to request you to kindly cancel the application deposited by me.

In case of any queries, you may contact me at the contact details mentioned below. I shall be highly obliged if the same could be done at the earliest.

Yours Truly,
______________ (Signature),
______________ (Name),
______________ (contact)

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FAQs

  • Is it necessary to mention the application number in the letter?
    • Yes, including the application number helps the insurance company identify and process your cancellation request more efficiently.
  • Should I provide reasons for cancelling the life insurance policy?
    • It's recommended to provide a brief reason for cancellation, as it helps the insurance company understand your situation better and may expedite the process.
  • How should I address the recipient in the letter?
    • You can address the recipient as "Sir/Madam" or "Dear Sir/Madam" followed by a respectful salutation.
  • What should I do if I haven't received a response to my cancellation request?
    • If you haven't received a response within a reasonable time frame, you may consider following up with the insurance company via email or phone call to ensure your request is processed.
  • Is there any specific format for the signature in the letter?
    • No specific format is required for the signature. You can sign your name in your usual handwriting or use a digital signature if submitting the letter electronically.

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