Will I get a refund if I cancel my policy?

Your money will not be refunded if you’ve opted for the 6 month tenure while purchasing the mobile insurance policy. However, if you have opted for the 1 year tenure policy, the policy’s premium amount will be refunded on a short rate basis as mentioned in the table below:

Table of Short Period Rates  
Risk period Premium rate that will be refunded
For a period not exceeding 15 days 90% of the annual rate
For a period not exceeding 1 month 85% of the annual rate
For a period not exceeding 2 months 70% of the annual rate
For a period not exceeding 3 months 60% of the annual rate
For a period not exceeding 4 months 50% of the annual rate
For a period not exceeding 5 months 40% of the annual rate
For a period not exceeding 6 months 30% of the annual rate
For a period not exceeding 7 months 25% of the annual rate
For a period not exceeding 8 months 20% of the annual rate
For a period not exceeding 9 months 15% of the annual rate
For a period exceeding 9 months Nil