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In modern times, having a suitable health insurance policy is one of the pre-requisites of a prudent financial plan. Not only does such a policy assist you in the event of any health-related emergencies, it also enables you to bear the cost of planned medical expenses.
Aditya Birla Health Insurance offers an excellent range of health insurance policies that can help you safeguard your and your family's financial safety in the wake of substantial medical expenses. If you think that you cannot cancel a health insurance policy after you have purchased it, think again. It is easy to cancel your Aditya Birla Health Insurance plan.
You can opt for Aditya Birla Health Insurance cancellation at any point in time. However, the refund amount that you shall be entitled to receive shall vary depending on the time when you cancel the policy.
The following table paints a precise picture of the various points of time when you can proceed with Aditya Birla Health Insurance Policy cancellation, along with the quantum of refund that you shall receive in each scenario.
Time of Aditya Birla Health Insurance Policy Cancellation |
Quantum of the Refund |
Within the Free-Look Period of the policy
|
Up to 100% of the premium amount paid (The premium for the number of days you remained insured under the health insurance plan shall be deducted) |
Within one month of the purchase of the policy |
75% of the premium amount paid |
Within three months of the purchase of the policy |
50% of the premium amount paid |
Within six months of the purchase of the policy |
25% of the premium amount paid |
After six months of the purchase of the policy |
No refund shall be provided |
Although it is not advisable to opt for the cancellation of your Aditya Birla Health Insurance policy, should you wish to go ahead with such a cancellation, there is a simple process that you need to follow. This process has been described below.
1.Intimate the support team at Aditya Birla Health Insurance
The first step for Aditya Birla Health Insurance cancellation is reaching out to the support department of the insurer. You can do so in one of the following manners:
By calling their toll free number
You can call the Aditya Birla Health Insurance cancellation toll free number (1800-270-7000) and subsequently send a written request for cancellation.
By sending them an email
You can send an email to the Aditya Birla Health Insurance cancellation email id, that is, care.healthinsurance@adityabirlacapital.com.
By submitting a cancellation request offline
You can submit an offline written request for your Aditya Birla Health Insurance Policy cancellation.
Irrespective of which mode you choose to cancel your Aditya Birla Health Insurance policy, you must state the reasons behind the cancellation request in your correspondence with your health insurance provider.
2.Await the insurer's response
Once you have submitted a request for your Aditya Birla Health Insurance Policy cancellation, you must wait for a response from the insurer. This response is likely to include a request for the resolution of your issues with the policy, if any. If such a resolution is acceptable to you, you can continue with the policy. However, if you still wish to proceed with the cancellation, you must communicate that to the insurer. In the latter scenario, they will initiate the policy cancellation process.
3.You shall receive the refund of your premium amount
Once the cancellation process has been completed, you shall receive a refund of the health insurance premium paid towards the policy. It is important to note here that the amount of this refund shall be dependent upon the time that has lapsed since the purchase of the policy. In addition to the aforementioned refund, you will also receive an official email from your insurer, confirming the cancellation of your Aditya Birla Health Insurance Policy.
To sum it up
You can easily complete your Aditya Birla Health Insurance cancellation by following a few simple steps. It is advisable to retain the policy cancellation letter received from the insurer.
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Frequently Asked Questions about Aditya Birla Health Insurance Policy Cancellation:
Can I cancel my Aditya Birla Health Insurance Policy?
Yes, you can easily cancel your Aditya Birla Health Insurance Policy by reaching out to the support team at Aditya Birla Health Insurance via email or phone. You can also submit an offline request for this cancellation.
Do I get the facility of free-look cancellation with my Aditya Birla Health Insurance Policy?
Yes, you get the facility of free-look cancellation with your Aditya Birla Health Insurance Policy. You can utilise this facility within 15 days of the purchase of the policy.
Will I receive a 100% refund of the premium amount that I have paid if I opt for Aditya Birla Health Insurance cancellation within the free-look period of the policy?
No, you shall not be entitled to receive a 100% refund of the premium amount paid by you in the event of the cancellation of your Aditya Birla Health Insurance Policy within the policy's free-look period. The insurer shall deduct the premium for the number of days you have remained insured and return the remainder of the premium amount.
What proportion of the premium paid would be refunded if I cancel my Aditya Birla Health Insurance Policy within three months?
If you cancel your Aditya Birla Health Insurance Policy within three months of the initiation of the policy, then you would be eligible to receive a refund of 50% of the premium you have paid for the policy thus far.
Is it advisable to cancel a health insurance policy?
No, it is not advisable to cancel a health insurance policy. However, if you are not satisfied with the policy and the terms thereof, you can go ahead with the cancellation within the stipulated period, which varies from one insurer to another.
