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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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How should I surrender my Aviva India Life Insurance policy? Basic Mandatory Documents: Additional Documents: Additional Documents Required for Money Transfer in an NRE Account: Call: 1800-103-7766/ 0124-2709046. Email ID: SMS: Ask AVIVA to 56767. Mailing Address:
The free look period is generally 15 days and the process of cancellation is as follows: Send the Requisition to Cancel the Policy. If the policyholder feels that it is not a suitable option for them, they must fill out a cancellation request form. ... Response From the Company for Requisition. ... Refund of Premium.
The current date : The date when you are writing the letter. Cancellation date : Provide a specific date for the changes to take effect. Reasons : Provide a reason for your cancellation. Stop payment or refund request : Request the insurer stop automatic payments immediately if you pay monthly.
Mail or fax a signed cancellation request: Writing a signed letter to your insurer with your full name, policy number and the effective date you would like your coverage to end should be sufficient to initiate a cancellation. Confirm with your carrier if any cancellation fee is required.
Yes. You have a 30-day cooling-off period from your policy start date, or from when you get your policy documents (whichever is later), to change your mind. If you want to cancel within this time, we'll refund any premiums you've paid.
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People also ask

I regret to inform you that I, Penelope Mason, have decided to terminate my life insurance coverage effective immediately. The reason for my decision is based on losing my job and being unable to pay premiums. Please send me a written confirmation of the cancellation for my records at your earliest convenience.
Under the guaranteed surrender value, the policyholder can surrender their policy only after the completion of 3 years. This means that the premium has to be paid for a minimum period of 3 years. If you surrender after 3 years, the surrender value will be around 30% of the premiums paid till date.
A policy surrender request must be filled up and submitted to the insurance company. The original policy document, a cancelled cheque and self-attested copy of KYC documents need to be enclosed with the application. Reason for surrender may also have to be stated in the form.
As a policyholder, you need to provide a request in writing to cancel or terminate the insurance policy during the free look period. You can download the cancellation request form online from your insurer's website or otherwise ask them about the process.
When you buy a life insurance policy, you generally have what is called a free look period. During this time, you have the option of canceling your policy without penalty. Depending on the insurance company and the state you reside in, the free look period can be 10 days or even longer.

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