If you cancel your life insurance policy within 30 days, most providers will offer a full refund of any premiums paid into the policy.
This is known as a ‘cooling off period’.
Cancelling a policy at any point after the initial cooling off period won’t result in a refund of any kind.
Please note: cancellation policies will vary between providers so, when taking out a policy, it’s important to familiarise yourself with the full terms and conditions.