In most cases, once you've filed a car insurance claim, you cannot simply withdraw it at will. The claim process involves various steps, including documentation and assessment, and it's typically initiated to address a specific incident or damage. However, you can choose not to proceed with a claim after filing it, but this may still affect your insurance history and premiums in the future.
How to Withdraw Universal Sompo Car Insurance Policy Online?
Universal Sompo Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.
- Step 1:- Call or email you’re Universal Sompo insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
- Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
- Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.
Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.
- Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
- Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
- Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.
How to Withdraw TATA AIG Car Insurance Policy Online?
TATA AIG Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.
- Step 1:- Call or email you’re TATA AIG insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
- Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
- Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.
Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.
- Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
- Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
- Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.
How to Withdraw Shriram Car Insurance Policy Online?
Shriram Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.
- Step 1:- Call or email you’re Shriram insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
- Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
- Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.
Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.
- Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
- Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
- Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.
How to Withdraw SBI Car Insurance Policy Online?
SBI Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.
- Step 1:- Call or email you’re SBI insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
- Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
- Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.
Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.
- Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
- Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
- Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.
How to Withdraw Royal Sundaram Car Insurance Policy Online?
Royal Sundaram Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.
- Step 1:- Call or email you’re Royal Sundaram insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
- Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
- Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.
Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.
- Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
- Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
- Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.