Procedure to Surrender a Policy
- To surrender an insurance policy visit nearest branch of your insurance company and ask for policy withdrawal form. You may need to submit your identity proof, bank passbook, latest contact details along with original policy documents.
- Don’t forget to collect receipt from your insurer for future reference.
- To save your precious time, you can download policy surrender form from your insurer’s website. Nowadays, many insurers are providing online facilitates to buy insurance policies and to pay premiums; therefore, you may also visit your insurer’s website to find out if he (insurer) is offering online policy surrender facility.