I was pressured into buying a health insurance policy, and signed a blank cheque. Later, I discovered that the policy’s premium was higher than other options from nationalized companies. I immediately asked the agent to cancel the policy, but he refused. I then contacted my bank to stop the payment.

Apni Law
Apni Law
Law Forum › Category: Cheque Bounce › I was pressured into buying a health insurance policy, and signed a blank cheque. Later, I discovered that the policy’s premium was higher than other options from nationalized companies. I immediately asked the agent to cancel the policy, but he refused. I then contacted my bank to stop the payment.
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Apni Law Staff asked 1 year ago

I was pressured into buying a health insurance policy, and signed a blank cheque. Later, I discovered that the policy’s premium was higher than other options from nationalized companies. I immediately asked the agent to cancel the policy, but he refused. I then contacted my bank to stop the payment.

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Best Answer

Apni Law Staff answered 1 year ago

Under Indian law, you have the right to cancel a health insurance policy within 15 days of receiving it. You can also legally stop payment on the cheque if it was given under duress and the policy was not as represented.

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