How to surrender SBI Life insurance policy?
Surrender Policy: Reason (s) for policy surrender and the surrender form needs to be submitted at the nearest SBI Life Insurance branch, along with the following documents:
How can insured cancel the policy?
Insured may cancel the policy by giving insurer at least 15 days written notice, and if no claim has been made then the insurer shall refund premium on Short term rates for the unexpired policy period as per the rates detailed below:-