If the insured/policyholder would like to surrender/cancel their life insurance policy or make a partial withdrawal from the policy fund, then the following procedures need to be followed:
Surrendering a Policy
reason for surrender along with the surrender/ cancellation form needs to be submitted at the nearest Edelweiss tokio life insurance branch along with the documents listed below.
Documents required:
- Original policy documents,
- Cancelled cheque of the insured's name
- In case the cancelled cheque does not have pre-printed name and account number or new account is mentioned on the cheque, pass book copy/ bank statement having pre-printed name and account number is required.
- Id proof (pan card, aadhar card, passport, driving license, voters id)
- Policy surrender or cancellation form
- Latest contact details
- NRE bank statement reflecting any premiums paid from nre account
Partial Withdrawal: reason for partial withdrawal along with the payout form needs to be submitted at the nearest Edelweiss tokio life insurance branch along with the documents listed below:-
Documents required:
- Original policy documents,
- Copy of ci or ypd submitted for withdrawal request (carry original for verification from branch)
- Cancelled cheque of the insured's name
- In case the cancelled cheque does not have pre-printed name and account number or new account is mentioned on the cheque, pass book copy/ bank statement having pre-printed name and account number is required.
- Id proof (pan card, aadhar card, passport, driving license, voters id)
- Pay out form
- Latest contact details
- NRE bank statement reflecting any premiums paid from nre account