You can cancel your ICICI Lombard Health Insurance policy only during the free-look period. All you need to do is download the Cancellation Form from the company’s official portal, fill it up with the required information and submit it at any of their branches, along with the policy document. The insurance company processes your cancellation request and refunds the premium that has been paid by you till then, after making applicable deductions (if any), within 15 days.