Cancellation of your home insurance policy by you

You can cancel this Policy at anytime by giving the Insurer notice in writing. The Policy will terminate when the Insurer receives Your notice. If You cancel the policy, the Insurer will refund premium as follows: 

i. If the Policy is cancelled, the premium would be returned to You calculated in accordance with the short period rate table as mentioned below, provided there is no claim under this Policy during the Period of Insurance.

ii. In case of Policies having tenure more than 1-year, a Short Period scale for retention of premium as given in above table will be applied to the premium for the current / active Policy Year in which Cancellation is requested. The Premium corresponding to all Future unearned policy years would be refunded in full.