Knowledge Centre

What is the Free Look Period ?

Free Look Period can be defined as the period in which a policyholder of a new insurance policy can terminate the policy. According to the provisions made by IRDAI (Insurance Regulatory and Development Authority of India), if you are not satisfied with the cover provided or the terms and conditions of insurance policy you have the scope of reviewing your insurance policy once again and returning it within a fixed period known as the Free Look Period. Free Look period is applicable only for health insurance policies which are meant for a term of at least 3 years.

Some of the essential details associated with the free look period can be mentioned below.

  • Time Limit

    Policyholders can avail the free look period of either 15 days or 30 days within, which they can request for some alterations in the policy or cancellation of the policy. This period begins from the date on which you had received your policy documents.

  • Request for free look period

    Mostly, insurance providers will need a written request from you for availing the free look period. A form downloaded from the website for this purpose can also be submitted.

  • Documents needed

    You must provide certain necessary documents like policy documents, receipt of the first premium payment and canceled cheque for refund.

  • Premium Refund

    If you cancel your insurance policies during the free look period then you will obtain a refund of your premium after making certain deductions like stamp duty, the proportionate risk premium for the cover period, etc.

    HDFC ERGO my: health Suraksha Insurance

    The HDFC ERGO my: health Suraksha Insurance provides comprehensive protection to you and your family against the highly expensive medical facilities. It provides health coverage of up to Rs. 3 lakhs to Rs. 5 lakhs and has a free look period of 15 days. Within these 15 days, if you are not satisfied with the coverage provided or with the terms and conditions of the policy, you can cancel the same.

    In addition to the free look period, there are other important characteristics of the HDFC ERGO my: health Suraksha insurance which makes it a good health insurance plan. Some of these include:

  • Cashless hospitalization
  • Coverage for daycare procedures
  • Cover for pre-hospitalization, hospitalization and post-hospitalization expenses
  • Coverage for expenses incurred in the treatment of mental health
  • An additional sum insured which is equivalent to the admissible claim
  • Coverage for expenses incurred in health care at home if prescribed by doctors
  • Coverage for organ donor expenses, ambulance expenses and expenses incurred in alternative or non-allopathic treatment.


Hence, insurance policies that are associated with a free look period are usually advantageous. If you are unsatisfied with the policy that you have bought you can cancel it within the free look period. 

*T&C apply. my:health Suraksha HDFHLIP20049V041920 , Sum insured options ranging from 1 Lac to Rs 5 Cr available UID: D2HI 538

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