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How to Surrender a Term Insurance Plan?
Provide the required documents, usually including: KYC documents such as photo ID and address proof Bank account proof, such as a cancelled cheque or passbook copy The original policy document
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Steps to Cancel/Surrender Your Life Insurance Policy With Canara HSBC Life Insurance
Policy Surrender: If you're outside the free-look period, you can surrender your policy, but you won't get the full amount back. Canara HSBC will deduct surrender charges from the premiums you've paid. Here's the process for surrender: Check the Policy Terms: Review your policy documents to understand the surrender value and any applicable charges. Contact Canara HSBC: Get in touch with Canara HSBC Life Insurance (same methods as above). Request Surrender Form: Ask for the policy surrender form. Complete and Submit the Form: Fill out the form and submit it along with the required documents, which typically include: KYC documents (photo ID, address proof) Bank account details (proof like a copy of your passbook or cancelled cheque) Original policy document