Bajaj Allianz Travel Cancellation Procedure

Bajaj Allianz Travel insurance offers Travel Companion policy which is a comprehensive overseas travel insurance policy that complete medical and health cover to overseas travellers. Bajaj Allianz travel insurance - travel companion is a basic and most affordable plan in the market.

Before the policy start date

  • The insured is expected to inform NRIOL and an E mail should be sent by the insured requesting the cancellation.
  • He/she should furnish policy number or schedule number in the E mail.

After the policy start date

  • Proof should be sent that the insured has not travelled overseas.
  • Photo copy or Scan copy of all the pages (including empty pages) of the passport should be sent to us.
The policy will be cancelled Within one working day after receiving the email (and passport copy post start date).
Note: In both the cases there will be a Rs 300/- cancellation charges.

Refund for early return

In case of any early return of the insured person prior to expiry of the policy period the company will refund premium at the following rates subject to no claims being incurred on the policy:

Please note the refund grid as below:
Period of Risk Premium retained by Company
Above 50% of policy period 100% of premium
Between 40% to 50% of policy period 80% of premium
Between 30% to 40% of policy period 75% of premium
Between 20% to 30% of policy period 60% of premium
Policy inception - 20% of policy period 50% of premium
Note: In both the cases there will be a Rs 300/- cancellation charges.
 
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