New insurance rule: 30-day free-look period now to return unwanted, mis-sold policies; how much will you get back from insurer?

IRDAI extends the free-look period for life and health insurance policies to 30 days. This means policyholders have a month to review policy terms and return them. Insurance policyholders are eligible for a refund if they cancel the policy during the free-look period, regardless of how they purchased it (online or offline). Previously, only electronically purchased policies had a 30-day free-look window. How much Read The Rest at :