Cancel term insurance policy and buy again
If I cancel my insurance policy from a insurance company in the look-period then can I buy it again from same insurance company or I have to buy it from another insurance company? Is there any waiting period to buy the policy again? Will it have impact on my profile? Also what happens to the EIA number from first policy?
Dear ashwin,
No issues you can cancel during freelook period without any issues. You can take again if you want. Not going to affect in any way.
If you need any assistance in term plan or any other financial services feel free to email at support@bwealthysolutions.com. I run a company Bwealthy Financial Solutions Private Limited. This is a company formed by doctors to aid in financial health without any bias.
With regards,
Dr Geomcy George
Director
Bwealthy Financial Solutions Private Limited
Hello Ashwin,