Q861
The free look period available to cancel a policy is –
A.
15 days
AnswerB.
30 days
C.
45 days
D.
60 days
Answer: Option A
Solution
Answer: Option A
Solution:
The free look period available to cancel a policy is 15 days. The law allows the policyholder 15 days as free-look period from the date of receipt of the policy document. Policyholder is allowed to cancel the policy during this period and get a refund.