Insurance Termination Letter, Sample & Format

Insurance termination letter is written by an individual to the insurance company to cancel his or her insurance scheme. Letter writing is a decent and comfortable way as to get the work done.  In the letter, you need to write the name of the insurer and give the details of the policy taken like the dues, payments, the name of agents, date from which it started, etc. You should mention the date of which the premium should be stopped.

As it is a formal letter keep the tone polite and humble. Make the letter concise and to the point. Ensure that there are no grammatical or spelling errors in the letter. In the letter, you can include the reason for terminating the insurance policy. Also, mention in the letter that you want the premium to be stopped within the time frame you want and ask them to refund the premium to you.

Sample

To

Deepak Singhal

Celly life insurance

Gurgaon

DD/MM/YYYY

From

Priti Birgi

312 Ocean Towers

Gurgaon

Respected Sir

I want to cancel my life insurance policy. Please consider this letter as a formal request to cancel the referenced life insurance policy. I want to get all my Insurance related money back which I was supposed to get back after ten years. I am canceling the policy as I am going abroad and shifting from India permanently. I need the money, and I hope you understand these policies are meant to help.

Please stop all debits or charges for premium payments. The effective date of policy cancellation is DD/MM/YYYY. I also request a written confirmation of the cancellation and the return of the premium. This action needs to be taken within 30 days from the receipt of this letter.

I am glad to be a part of your Celly life’s insurance company. Your agents have been active all these years. I am thankful to your company for giving me this insurance policy. Today I can happily say that I have invested in a right way by investing in your policy. I will always appreciate your prompt and efficient services, and I will always be grateful for Celly enterprises for giving me this great policy.

I hope my cancellation procedure won’t be a difficult task for your company. If you need anything related to this, let me know.

Thank you.

From,

Pirti Birgi

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