Will I get full refund of the premium paid, if I cancel my policy within the free lock period? - Yes, you should get your amount back if you cancel the policy within the free lock period. However, please make sure that you cancel that within the free lock period and have proof of cancelling with the same. - Insurance Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

INSURANCE

DETAILS

Question: Will I get full refund of the premium paid, if I cancel my policy within the free lock period?

Answer: Yes, you should get your amount back if you cancel the policy within the free lock period. However, please make sure that you cancel that within the free lock period and have proof of cancelling with the same.

Category	Insurance Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.3) By 6652 users
Added on	7/13/2016
Views	65986
Rate it!

Question: Will I get full refund of the premium paid, if I cancel my policy within the free lock period?

Answer:

Yes, you should get your amount back if you cancel the policy within the free lock period. However, please make sure that you cancel that within the free lock period and have proof of cancelling with the same. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	How can I find out if the insurance agent is authorized to sell life insurance policy?	View Answer
	How do I make a claim of my insurance policy? How long will it take to get the final settlement?	View Answer
	What happens when I fail to make the required premium payments on the due date?	View Answer
	Is it advisable to cancel my existing policy and replace it with another?	View Answer
	How do I convert my existing paper insurance policy to electronic form?	View Answer
	What is Incurred Claim Ratio in insurance?	View Answer
	Who can apply to become a TPA with an insurance company?	View Answer
	Does CSR (Claim Settlement Ratio) of an insurance company include wrong or fraudulent claims too?	View Answer
	Can I buy a family floater insurance plan for my in-laws?	View Answer
	What is the difference between sum assured and sum insured?	View Answer
	Why do different insurance companies show different benefit illustration on their website or product brochures?	View Answer
	Has there been any change in service tax for insurance premium after budget?	View Answer
	What is underwriting in insurance?	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Insurance Interview Questions & Answers - Exam Mode / Learning Mode