Application for Cancellation of Insurance Policy, Request for Cancellation of Insurance Policy

When writing a letter to cancel an insurance policy, clarity and politeness are key. Be sure to include important details like your name, address, policy number, and reason for cancellation. Maintain a respectful tone throughout the letter and express gratitude for their assistance. Avoid unclear language and ensure all necessary information is provided to facilitate a smooth cancellation process.

Table of Contents:

Sample Request Letter for Cancellation of Insurance Policy

Application for Cancellation of Insurance Policy, Request for Cancellation of Insurance Policy

 

 

 

To,
The Customer Service Officer,
___________ (Company Name),
___________ (Address)

Date: __/__/____ (Date)

Subject: Cancellation of insurance policy no. _________ (policy number)

Respected Sir/ Madam,

I would state that my name is __________ (Name) and I am a resident of _________ (Address/ Locality). I hold an insurance policy in your company.

Respectfully, I would like to bring to your kind concern that my policy number is ___________ (Policy Number), and due to __________ (Reason – Financial problem/ Requirement of funds/any other), I request you to kindly cancel my policy. I request you kindly deposit the policy balance in my bank account linked to the policy.

I expect to hear from your side at the earliest. I shall be highly served for your kind support.

Thanking you,
____________ (Signature),
____________ (Name),
____________ (Contact Number)

 

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FAQs

  • Q: What information should I include in a letter requesting cancellation of an insurance policy?
    • A: It's important to include your name, address, policy number, reason for cancellation, and a polite request for the cancellation of the policy.
  • Q: How should I address the recipient of the letter?
    • A: Begin with "Respected Sir/Madam" followed by a comma.
  • Q: Is it necessary to provide a reason for canceling the policy?
    • A: Yes, it's important to briefly explain the reason for cancellation, such as financial difficulties or other personal circumstances.
  • Q: Should I specify where I want the policy balance deposited?
    • A: Yes, it's advisable to request that the policy balance be deposited into your linked bank account for clarity and convenience.
  • Q: What tone should I maintain in the letter?
    • A: Maintain a respectful and polite tone throughout the letter, expressing gratitude for their assistance and cooperation.

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