In any case if the insured / policy holder would like to cancel his universal sompo 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, of 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/ hospital cash:

You may cancel this policy by giving the insurance company A 7 days written notice for the cancellation of the policy by registered post, and then the insurance company shall refund 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

In case the customer wants to cancel the policy the same can be done only in Case where a journey is not undertaken and only on production of your passport and cancelled ticket as a proof of the same. Any request for cancellation of policy will not be entertained later than 14 days after the first day of insurance as indicated in the policy schedule. Such cancellation will be subject to retaining a minimum of 25% of the premium or rs. 200/- for short term (single trip) and rs. 500/- for annual multi trip), whichever is higher.