How to cancel lic policy within 15 days?

In India, LIC policies come with a free-look period, typically 15 days from receipt of the policy, allowing policyholders to cancel if unsatisfied. ### Steps to Cancel LIC Policy Within 15 Days1. Check Free-Look Period: Ensure your policy is still within 15 days. 2. Write a Request: Prepare a letter or email stating your desire to cancel the policy. Include: - Policy number - Name of the policyholder - Reason for cancellation (optional) 3. Attach Documents: Include a copy of the policy bond and KYC (ID proof). 4. Submit to LIC Office: Submit the request to the LIC branch where you purchased the policy. 5. Refund Process: LIC will refund the premium after deducting proportionate risk premium, stamp duty, and medical expenses (if any). ### Important Notes- Refund may take a few weeks. - For online policies, you may submit the cancellation request via LIC’s customer portal or email. Reference: LIC Free-Look Period Guidelines. In short: Submit a written request with your policy documents to the LIC branch within 15 days to cancel and receive a refund.