Your interest is protected by our cancellation policy. We reserve our right of refund arrangement according to various insurance product.
Cancer protection plan
The Insured Person can cancel this insurance at any time by giving 30 days’ advance notice to UBi; provided that no claim has been filed and unpaid claim(s) is/are deemed withdrawn by the Insured Person under this insurance. Calculation of return premium will be based on pro-rata unexpired premium after deducting 10% of annual premium for administration costs of UBi. No charge will be imposed if refund premium is less than administration costs.
Refund timeline:
If your request of refund is valid, you will receive your refund premium within 30 days.
Condition:
If premium payment is made by you or a third party via remittance or electronic fund transfer and when there is a premium refund, we reserve the right to credit the policy holder's bank account or settle by means of a cheque (as the case may be).
Typhoon protection plan
The Insured cannot cancel this insurance.
