Your window to change your mind
When you buy a new life or health policy, you get a free look period — typically 15 days (often 30 for policies bought online or via distance mode) — to review the terms and cancel for a refund if it's not right for you.
Not sure how this applies to you? A free call with Vijay Singh Rana sorts it out in minutes.
What you get back
On cancellation within the window, the insurer refunds your premium after deducting small charges like stamp duty, any medical test cost, and cover for the days you were insured.
Get personal guidance, free
Vijay Singh Rana — HDFC Financial Advisor · IRDAI & AMFI Registered
Frequently asked questions
How long is it?
Usually 15 days, and often 30 days for policies issued electronically or by distance marketing.
Is the refund full?
Almost — minor proportionate and admin charges may be deducted.