How To Cancel Manipal Cigna Health Insurance Policy?

ManipalCigna Health Insurance is part of Manipal Group, the largest healthcare provider chain in India. Manipal has a tie-up with Cigna which is a healthcare service company with experience of 225+ years in the field of healthcare. ManipalCigna offers a wide range of products that are beneficial to a lot of people. With a claim settlement ratio of 93.40%, the company has approved a cashless claim within 2 hours of claim intimation.

Cancellation During Free-Look Period

There is a time limit in which one can cancel their health insurance policy and it is called the free look period. During this free look period, one can go through the policy documents to know its coverage, benefits, inclusion and exclusion. If the policyholder doesn’t like the policy then they can cancel the policy and can take the refund of the premium they have paid. The free-look period ranges between 15 days to 30 days.

How do I Cancel My ManipalCigna Health Insurance Policy?

Due to some reason or circumstances if you want to cancel your Manipal Cigna health insurance policy then go through the below given steps and process:

1. Contact the insurance company: Inform the ManipalCigna health insurance company about your cancellation. 
2. Submit the cancellation request: You will have to give the insurance provider a formal request for cancellation. The policy number, the purchase date, and the cancellation reason should all be included in the request.
3. Submit The Documents: Submit the documents such as copies of policy documents, identity proof and bank details.
4. Refund of Premium: The company will refund the premium after deducting the charges that occurred in issuing the policy such as stamp duty, medical charges etc.

How to Cancel ManipalCigna Health Insurance from InsuranceDekho?

Follow the below-given steps to cancel your ManipalCigna health insurance policy:

Step 1: Contact the support team of InsuranceDekho.

Step 2: Write a request letter and email stating your reason for cancelling the policy.

Step 3: Based on the period you are insured the insurer will deduct the premium.

Step 4: The charges that incurred for the policy like stamp duty, medical charges etc will get deducted.

Step 5: You will receive an email from the insurer for your cancellation request. 

Refund Policy After Free-Look Period

There are certain terms and conditions that will be applicable if you cancel the health insurance policy after the free-look period. Some percentage amount will be deducted from the premium you will get as a refund after the cancellation of the policy after a free-look period. So it is strongly advisable to cancel the policy within the free-look period to avoid a deduction from the premium which will be refunded after cancellation.

Conclusion

Make sure you read all policies and check for any changes made by the health insurance company during the renewal. The timely renewal of your health insurance will not only give you and your loved one peace of mind but will also eliminate the uncertainty.

FAQs

Ques 1. Can we cancel the insurance policy online?

Ans. It is possible to cancel your policy online using ManipalCigna's customer portal or by sending an email to their support at the official address.

Ques 2. Is there any cancellation charges for health insurance?

Ans. If you cancel your health insurance with the free-look period then only the charges that have occurred in the process like stamp paper, medical etc will be deducted. But if you cancel the policy after the free-look period then the percentage of the premium will be deducted and it will depend on the number of days after which the policy has been cancelled.

Ques 3. What happens to the policy benefits if I cancel early?

Ans. Once the policy is cancelled, all policy benefits, including coverage, cease to exist immediately. No claims can be made after cancellation.

Ques 4. Will I be charged a cancellation fee?

Ans. There is no explicit cancellation fee, but certain administrative charges, like stamp duty and proportionate premium for the period the policy was active, will be deducted.

Ques 5. What is the refund policy if I cancel after the free-look period?

Ans. After the free-look period, refunds are calculated on a pro-rata basis depending on the tenure left on your policy. Deductions will be made based on the duration the policy was active.