How do I cancel my Oriental Insurance Policy?
The insured may at any time cancel this policy and in such event the company shall allow refund of premium at company's short period rate only (table given here below) provided no claim has occurred during the policy period up to Date of cancellation.
|
Period on risk |
Rate of premium to be charged |
|
Upto 1 month |
1/4 of annual rate |
|
Upto 3 months |
1/2 of annual rate |
|
Upto 6 months |
3/4th of annual rate |
|
Exceeding 6 months |
Full annual rate |
Please read the policy documents carefully to understand the terms and conditions before purchasing the product.
