In any case if the insured / policy holder would like to cancel his tata aig general insurance policy, then the Below given procedure needs to be followed:-

Freelook Period:-the customer has a period of 15 days from the date of receipt of the new policy document to review the terms and condition of this policy. If the insured has any objections to any of the terms and conditions, he has the option to cancel the policy stating the reason for cancellation. The insured is Entitled For a refund of premium subject to

• A deduction of the expenses incurred On the medical examination, Stamp duty Charges, if the risk has not commenced
• A deduction of the stamp duty charges, medical examination charges & proportionate risk premium for period on cover, if the risk has commenced
• A deduction of such proportionate risk premium commensuration with the risk covered during such period, where only a part of risk has commenced.
• Free look period shall not be applicable For renewal policies.

Health insurance:

You may cancel this policy by giving a 15 days written notice to the insurance company, about the cancellation of the policy, by registered post. The insurance company would then refund the premium on short term rates for the unexpired policy period as per the rates detailed below, provided no claim has been payable on your behalf under the policy.

Travel insurance:

Further, the insurance company may cancel this policy at any time on the grounds of mis-representation, fraud, non-disclosure of material facts by issuing a 15 days' notice delivered to the customer, or mailed to the last address as mentioned in the insurance company's record, stating when such cancellation shall be effective. In the event of cancellation for misrepresentation, fraud, non-disclosure of material facts, the policy shall stand cancelled ab-initio and there will be no refund of premium. In the event the annual multi trip policy is cancelled for non-cooperation of the insured or if the customer cancels the annual multi trip policy, the premium shall be computed in accordance with the company's short rate table for the period the policy has been in force, provided no claim has occurred and/or no trip has happened up to the date of cancellation. In the event a claim has occurred and/or trip has happened in which case there shall be no return of premium.

Short rate table (in case of annual multi trip policy as given above) -

There are retention scales.

Personal accident policy:

Short rate table (in case of annual multi trip policy as given above) -

There are retention scales.

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