An insurance termination letter is written to cancel any policy applied by a person due to any wrong information provided by the person to the insurance agency or maybe some condition that is required to be passed for having a policy; the person couldn’t pass. The letter contains the exact reason mentioned in it and the final date from which the termination is going o take effect.
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Insurance Termination Letter Writing Tips:
- The letter must be strictly a formal one and must not contain any abusive or offensive words.
- The letter must contain the reason for the termination, mentioned very clearly.
- The final date from which the termination is going to take effect must be written in the letter.
- The letter must be written, showing due regret and respect to the recipient with a proper vote of thanks and best wishes at the end of the letter.
Insurance Termination Letter Template
Date: ____________ (date of the writing of the letter)
Subject: insurance termination
Dear ____________ (name of the person to whom the letter is being addressed to),
Being the ___________ (post) of the company, I’d like to herby inform you that the policy you applied for has been terminated by our agency. According to the terms and conditions of our policies, _____________________________ (terms of the policy). But unfortunately you have failed to pass all of those conditions due to _____________________ (reason for the termination).
Hence, you’ll receive the amount that you paid for the policy, within ___________ (date of the termination). We’ll exclude some of the service charges.
Name and signature
Insurance Termination Letter Sample, Email and Example/Format
45 Chembur Garden,
New India Insurance,
Subject: termination of insurance
By this letter, we’d like to inform you that the XYZ policy you applied for has been terminated due to little wrong information provided by you to us. As per the terms, your policy requires you to be physically fit along with medical proof of your health. But on the day of the medical checkup at our office, our team got it that you are a patient of MNO disease, which is not approvable according to the policy terms.
The termination will take its effect from PQR date within that we’ll send you the amount we took from you excluding some of the service charges. We greatly regret such an action, but we have to follow our terms. We hope you’ll surely get some other agency for completing your policy planning.
Name and signature
An Insurance termination letter is one, which is sent to the insurance company where the insurance has to be canceled due to certain reasons. In this letter, the car has been sold, and the seller sends the letter to the insurance company asking them to cancel the car policy. If this is the same situation as you, then you can professionally send this letter to the company.
Sub: Termination of my Car Insurance Policy.
Ref: Your Policy Cover Note No.321 dated 13th September 2009.
This is to inform you that the above stated Car Insurance Policy possibly will be terminated for my Honda Car with Regd No. CA 1452 as I have sold the car to someone else on 15th January 2010.
I have enclosed the Policy document along with this letter for cancellation.