How do I cancel my ICICI Lombard Health Insurance?

What’s up? Searching for a way to your ICICI Lombard health insurance cancellation? Aa jao boss, bata denge!

Well, cancelling your already running health insurance policy doesn’t seem very pleasing. The reason? You are biting your back on your own! Didn’t get this? Look, if you cancel your health insurance, who on earth will bear all those hefty medical bills during an unfortunate medical emergency? Of course, health insurers have your back to bear all the medical expenses, which is a huge plus.

However, it depends on your current priorities - whether you want to cancel/continue your health insurance. We understand that you wouldn’t have canceled this policy if there was nothing urgent. So, we have the guide on your ICICI Lombard health policy cancellation, read further to get your answers about your policy cancellation, and thank us later.

When should I cancel my ICICI Lombard health policy?

There’s not a fixed time for your ICICI Lombard health insurance cancellation, but there are chances of saving your paid premiums from drowning.

So, if the policyholder cancels their health insurance policy during the free-look period, there will be fewer deductions on the total refund. We won’t say that you’ll get a full refund for cancelling your ICICI Lombard health policy. However, the insurance companies give you 15-30 days which is the free-look period. This is a compulsory rule imposed by IRDAI to allow some relief to the policyholders so that they can review and make changes to their policy according to their requirements. After deducting some amount that the company has invested in issuing you the health insurance like, stamp charges, health check-ups before policy commencement, unpaid premiums for the unexpired policy, etc; the company will refund your premiums as you are no longer planning to continue it.

Now, some people may think what if I cancel my health policy after the free-look period? This question has also got an answer.

• Step 1

  Inform your insurer at least two weeks before initiating the cancellation process, this will help them guide you throughout the process. The procedure of policy cancellation may take from 7 to 15 working days.

• Step 2

  Send them a notice of cancellation in writing, stating your reason for cancelling the health policy.

• Step 3

  Fill in the cancellation form and write the reason for cancellation, submit all the documents (that are mentioned in your policy documents) attached to the cancellation form to your insurer (either online or offline mode).

• Step 4

  After getting all the documents, the insurer will verify them thoroughly and initiate the process of refund (wherever you choose, in your bank account directly, or via cheque). Remember, the details of cancellation must align with your policy documents.

• Step 5

  You’ll receive your refund of the paid premiums within one/two week/s of the company’s business days.

Point of contact and address details of ICICI Lombard Health Insurance

Find here the customer care contact number and other grievance details of the ICICI Lombard health insurance company: