A Guide to Cancel Your Aditya Birla Health Insurance

Are you thinking of cancelling your Aditya Birla Health Insurance? Read further to know more about Aditya Birla health policy cancellation here.

Health insurance is an essential health and financial security tool for everyone. We are witnessing healthcare complications in various forms nowadays. As a policyholder, you have the choice to either continue your health policy or withdraw it.

The major aspect of cancelling a health insurance policy is that you incur some cost in the form of deductions as per your policy documents. Here’s a guide to help you with your Aditya Birla Health Insurance cancellation.

Aditya Birla’s Health Policy Cancellation in the Free Look Period

Aditya Birla Health Insurance Company allows you to edit or change your policy within 15 days (offline) and 30 days (online). This is called the free-look period. According to IRDAI rules, every health insurance company must offer a free-look period of 15-30 days.

If the policyholder cancels their policy within the free-look period, they are entitled to receive a full refund, excluding any health check-up expenses paid by the insurer before policy issuance, stamp duty, etc. However, deductions and refundable premiums may vary according to the active policy tenure and the number of claims made.

What if I Cancel My Policy After the Free Look Period?

If you cancel your Aditya Birla Health Insurance policy after the free-look period, you will not receive a full refund of your total paid premiums. Here’s what you’ll get on cancelling your health policy after its free-look period:

Types of Deductions in the Refund Amount

Here are the deductions displayed on your refundable premium amount:

• The premium on pro-rated risks
• Health examination expenses from the insurer
• Stamp duty and administration charges

Step-by-Step Guide: How to Cancel Aditya Birla Health Insurance?

Follow these steps to cancel your Aditya Birla health policy without hassle:

• Step 1: Contact your insurer and submit your cancellation form along with the required documents.
• Step 2: Provide a written notice at least 15 days before cancellation, stating the reason for cancellation either online or offline to your company’s customer care executive.
• Step 3: Once the insurer is aware of your cancellation request, they will guide you on keeping the policy active. If unsatisfied, they will proceed with the application.
• Step 4: Based on your policy activity and current period, the company will deduct and refund the specified premium amount to you (as per your policy’s schedule).
• Step 5: After receiving the cancellation review, send your banking details for the refund. This is the final stage where you’ll receive your eligible premium refund within the company’s specified business days.

Contact Details of Aditya Birla Health Insurance Company

We don’t encourage health insurance cancellation. However, if you need assistance with your Aditya Birla Health Insurance cancellation, reach out to our advisors at 1800 4200 269 or email us at helpdesk@policyx.com.