General Insurance Term
Free-look Period
A window to review a new policy and cancel for a refund.
What is Free-look Period?
The free-look period (usually 15–30 days from receiving the policy) lets you review the terms and cancel if you're not satisfied, with a refund of premium after minor deductions.
It's your safety net to read the fine print without being locked in.
Example
If the policy wording doesn't match what you were told, cancel within the free-look period for a refund.
Related terms
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