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HomeEducation Education Know your rights after purchasing an insurance policy Know your rights after purchasing an insurance policy

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Know your rights after purchasing an insurance policy

Know your rights after purchasing an insurance policy

Friday, June 30, 2017, 12:44 PM
On receipt of the policy-document, you have the right to think over the benefits of policy and reconsider your purchase decision. If you find that particular insurance scheme is not beneficial, you can return the policy to the company within 15-days, during the free-look-period. In such circumstance, you get the right to claim the refund of the premium-paid, after deduction of mortality-charges and stamp-fees.
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