Care Health Cancellation
- Free-look Cancellation
- Refund Process
- Steps to Cancel
What will happen if I cancel my Care Health Insurance policy? Read further to know about it.
Health insurance supports you financially in times of medical emergency and makes sure that you have enough backup for all the medical expenses. However, there could be reasons that you need to cancel your health policy, like;
So, being a policyholder, it’s your right to choose whether you want to keep a product or discontinue it as per your need/choice. This page discusses all the consequences and steps of cancelling your Care Health Policy, why you should not cancel it if not necessary, refunds and deductions that will be applicable, and so on.
Cancelling your Care Health Insurance policy in the free look period ensures you get a full refund against an overall premium that you’ve paid during the policy period. Care health insurance company gives you a free look period of 15 days during which you can decide whether you have to keep the policy, change it, or cancel it.
Furthermore, you also get a chance to review the terms and conditions, coverage specifications, and more during this time. It allows you to customize your policy according to your current and future requirements.
If you forget or delay cancelling the Care Health insurance policy during the specified free look period (commonly, 15 days), there will be certain deductions (which are written in the wording/schedule of your policy) on your refund amount. The refund is based on a quarterly/yearly/one-time premium payment that varies from plan to plan. However, the refund against the overall premiums that you have paid for your policy ranges somewhere from approximately 90% to nil based on the days/year/s your policy was active throughout.
Note: Every health plan comes with a different percentage of refund defining a period for cancelling the same. For reference, check out the Care Advantage health plan prospectus to know how policy cancellation refunds work in health insurance.
The cancellation of Care Health Insurance has a specified refund amount that comes with some deductions. Refunds against the overall premiums depend on the type, and terms and conditions, of the policy. There are three kinds of deductions in refund amount against all the premiums that you have paid to the insurer:
You can cancel your Care health insurance policy by informing and reaching out to the customer care of your insurer at:
Care Health Insurance Limited, 5th Floor, 19, Chawla House, Nehru Place, New Delhi-110019
customerfirst@careinsurance.com
1800 102 4499 (Sales)
1800 102 4488 (Services)
WhatsApp
8860402452
Care Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, Care Health Insurance ensures that you are medically secured, irrespective of the city you reside in.
To cater to the different medical needs of an individual & their family, Care Health Insurance offers several Health Plans ranging from senior citizen plans to specialized plans for autistic children, to health insurance for cardiac patients, and many more.Take a look below to Care Health Insurance plans explore more:
Individual and Family Health Insurance
Arogya Sanjeevani was first introduced by IRDAI (Insurance Regulatory and Development Authority of India) in the year 2020 to provide a standard and a...
Unique Features
Individual and Family Health Insurance
Care Operation Insurance Plan is designed specifically to offer you surgical operations coverage. A wide range of sum insured options are available ra...
Unique Features
Individual and Family Health Insurance
Care Advantage Health Insurance is an ideal 1 Crore option so that a policyholder's family is adequately covered. Care Advantage health insurance offe...
Unique Features
Critical Illness Health Insurance
Worried about cancer in your bloodline? Care Cancer Mediclaim has got you covered. Cancer can be defined as distress, hopelessness and loss. There cou...
Unique Features
Accident Health Insurance
Care Secure personal accident policy covers accidental death, permanent and temporary partial/total disability, recovering treatment costs, accidental...
Unique Features
Individual and Family Health Insurance
Care Supreme is an extensive coverage health insurance plan that safeguards you and your family members without worrying about your future healthcare ...
Unique Features
Individual and Family Health Insurance
Free yourself from the worries of healthcare. As the name suggests, Care Freedom is the plan that allows you to be worry-free in every situation. Thi...
Unique Features
Critical Illness Health Insurance
Critical Mediclaim Care health insurance policy gives you protection against 32 defined critical illnesses based on an indemnity plan. This super-faci...
Unique Features
Senior Citizen Health Insurance
Care Senior Citizen is specially designed to offer coverage for individuals above 60 years of age. It offers flexibility to choose the sum insured tha...
Unique Features
Individual and Family Health Insurance
Single health insurance to cover all family members. Care health insurance plan is a comprehensive medical policy for individuals and families. It is ...
Unique Features
Women Health Insurance
An ideal combination of hospitalization and maternity care. Care Joy health insurance is designed specifically for expecting mothers and their newborn...
Unique Features
Family
A top-up plan based on policy deductible principle Care Enhance is a super top-up health insurance plan that provides extra health insurance coverage ...
Unique Features
Family
Get coverage based on your residential zone. Care Classic health insurance is a family floater health plan ideal for married couples, joint families, ...
Unique Features
Individual and Family Health Insurance
Care Plus health insurance is a complete healthcare plan that is loaded with features and protects you and your family. Care Plus offers comprehensive...
Unique Features
Critical Illness Health Insurance
Care Heart is a unique plan launched by Care Health Insurance that provides the flexibility to choose from benefits like Active heart health check-ups...
Unique Features
Know More About Health Insurance Companies
Yes, if you cancel your policy during the free look period, a full refund (excluding pre-policy medical check-up, stamp duty, etc.) will be credited.
Yes, you can cancel your Care health policy anytime you want, given that you know what are the consequences of deductions on refunding the premium amount.
No, if your company has paid for any medical check-up before policy issuance, the expenses of the check-ups, and other related expenses (mentioned in your policy wording) will be deducted and the rest of the premium amount will be refunded.
You will lose the potential healthcare coverage and related benefits/rewards of your policy if you cancel it.
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Lives In: Delhi, NCR Expertise: Health & Term Insurance Simran has an experience of 4 years in content writing. She transitioned from hospitality and digital marketing to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner, she keeps her audience hooked and solves their doubts smoothly.
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