Life Insurance Policy Free Look Period
Free Look IRDAI Protection of Policyholder's Interest Regulations 2017 provides 15 days 'free look' period from the date of receipt of policy document.
When you buy a life insurance policy you generally have what is called a free look period During this time you have the option of canceling your policy without penalty Depending on the insurance company and the state you reside in the free look period can be 10-days or even longer.
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You choose to contact your application to your life, except that under life insurance policy free look period was not look periods.
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10-DAY FREE LOOK PERIOD TO DECIDE WHETHER TO KEEP A LIFE INSURANCE POLICY It makes good sense to ask a life insurance producer.
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This cash value is the savings component of most permanent life insurance policies particularly whole life insurance policies It is also known as cash value surrender value and policyholder's equity.