Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
The free look period is a window (usually 15–30 days) after receiving an insurance policy during which the policyholder can cancel it for a full or near-full refund.
A short window to cancel a new policy and get most of your money back if you change your mind.
Refund is typically the premium paid minus proportionate risk premium, stamp duty, and medical test costs; applies to life and health insurance policies.
Realising a policy doesn’t suit their needs, a buyer cancels within the 15-day free look period for a near-full refund.
A short window to cancel a new policy and get most of your money back if you change your mind.
Free Look Period helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.