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Termination Letter of Insurance

A person purchases insurance policies to secure some specific aspects of his life. But in the corporate sector, a company serves the customer as longs as he gets the profits. If any customer fails to abide by the norms and the clauses set by the company, the latter will cease considering the cause of the former, hence resulting at the end of the insurance policy.
A proper notice must be sent by the company officials to the customer to make him aware of the proceedings. A termination letter is thus written to achieve this.

  • Being a official notice, the letter must be formal and brief.
  • Personal thoughts about the situation should be held back while writing the letter.
  • The customer should get a clear idea of the reason for the termination.
  • The date of the truncation should be mentioned to help the customer plan for the future.
  • Minor mistakes hold the capability to result in destructive output. There should be no room for any mistakes in the letter.

Termination Letter of Insurance Template

Use our free Termination Letter of Insurance to help you get started. Simply download the .doc or pdf file and customize it. If you need additional help or more examples check out some of the sample letters below.

 

From,

__________

__________

__________

Date: ________ (date of writing the letter)

To,

__________

__________

__________

Subject: Regarding the termination of your policy _______________ (policy number if any)

Dear _____________ (name of customer),

This is written with reference to the notices sent to you by our ____________ (official concerned), ________________ (date concerned) about the timely payment of the premiums of the policy __________________ (policy description) and your lack of interest in doing the same.

Keeping the company`s interests in mind, we have decided to terminate the policy under Clause 6 of our customer services agenda within _________________ (date of termination). The clearing of the mutual dues remaining will be carried out in the mentioned date and we will be relieved of our duty to serve you. Hope this will be treated with the urgency it deserves.

 

Thanking you,

 

Name and Signature

 

Download Template (Doc and PDF)

Word Filepdf

Termination Letter of Insurance Sample, Email and Example/Format

Sample

From,

__________

__________

__________

Date: ________ (date of writing the letter)

To,

__________

__________

__________

Subject: Regarding the termination of your Policy no. 123456

Dear Mr.ABC,

This is written with reference to the notices sent to you by our Chief Marketing Officer, dated XYZ about the timely payment of the premiums of the Policy no. 123456 and your lack of interest in doing the same.

Keeping the company`s interests in mind, we have decided to terminate the policy under Clause 6 of our customer services agenda within PQR. The clearing of the mutual dues remaining will be carried out in the mentioned date and we will be relieved of our duty to serve you. Hope this will be treated with the urgency it deserves.

 

Thanking you,

 

Name and Signature

 

Email Format

An insurance termination letter is a termination notice given by an insurance company to its client. Specific reasons are mentioned by the company. Although it is traumatic for the person, it is equally a hassle for the company too, as it means a loss of a client.

Ref: Termination of the policy due to nonpayment of the premium

Dear Mr. Sloan,

It is with regret that I wish to inform you that your policy # 10298, taken in the year 2006 has been terminated.

We had sent repeated requests to you to deposit your monthly premiums on time. Kindly refer to our letters sent on 2nd February, 4th March, 4th April and 6th May. These letters were ignored by you.

We had no communication from you since January. Since it is our company’s policy to terminate the policies of such persons who do not pay the premiums for more than four months, we are informing you of the same.

Thank You,

Yours Sincerely,

Ruth Mathews

 

General Insurance Pvt. Ltd.

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