The membership fee/ premium amount will be refunded to your registered bank account as per the terms and conditions defined in your policy. However, if you’ve taken any loan from Bajaj Finance, your premium amount will be adjusted towards the outstanding loan amount, if any.
If you surrender your policy after the free look period (FLP) is over, the membership fee/ premium amount will be refunded on a pro-rata basis. It might also get adjusted towards any outstanding loan amount within seven business days from the date of request raised.
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