In case of a refund due to an erroneous transaction or cancellation, the premium paid for an insurance product will be refunded via cheque or direct credit as per the policy of the Insurance provider that you have chosen to buy the product from.
In case of a cancellation, the premium paid for an insurance product will be refunded via cheque or direct credit as per the policy of the Insurance provider that you have chosen to buy the product from.
You do not need to return the copy of the policy documents received by you, in order to cancel the policy.