How to Write an Insurance Cancellation Letter (5 Samples)


How to Write an Insurance Cancellation Letter (5 Samples)

This blog post will answer all your queries on how to write an insurance cancellation letter to the insurance company.

You may need to terminate your insurance coverage for a variety of reasons. 

If you need to cancel insurance coverage for any reason, make sure to follow your insurer's regulations and send a formal cancellation letter to the insurance company.

What are the reasons to cancel an insurance policy?

Reasons to think about canceling your insurance coverage include the following:-
  1. You may cancel your insurance if you are dissatisfied with the service provided by your insurance.
  2. Your company has evolved, and you require new insurance coverage.
  3. When your current insurer doesn't provide plans in your new state, and you're relocating out of state.
  4. You wish to consolidate many plans into a single packaged insurance that is less expensive.
  5. You may cancel your insurance if you feel you are overpaying for insurance.
  6. You discovered a more cost-effective insurance plan that gives superior protection and coverage.
  7. You are dissatisfied with your existing insurance provider's plan, pricing, or service.
  8. You're relocating out of the nation or to a place that the firm isn't aware of.

When is it possible to cancel an insurance policy?

Cancelling insurance coverage is never a simple decision, especially in today's hazardous business environment. 

Before canceling current insurance, be sure your business and personal finances are not jeopardized. 

If you want to replace your insurance with something better, cheaper, or more suited, conduct preliminary research and compare quotes from other providers. Also, learn about the new claim letter FORMAT.

How to write an insurance cancellation letter?

Before you start writing the letter for insurance cancellation, you must consider the following question.
  • Will you build a coverage gap by terminating an insurance policy designed for claims?
  • Are you going to save money yet weaken your security net?
  • Do you have any legal or other costly claims to expose your company?
  • Will it be better to alter your coverage than to terminate your policy?

It's time to draught your insurance cancellation notice once you've identified what's required. The following information should be included in your letter:
  1. The notification's effective date
  2. The insurance company's name and address
  3. Name and contact information for the applicable department
  4. The insured's name.
  5. The insured's the mailing address
  6. The insured's phone number
  7. The policy's reference number
  8. The time frame for coverage
After that, write the letter's body. The following items should be included in the body:
  1. A request for a return of any premiums that have not been used.
  2. When do you want your insurance to be canceled?
  3. A request for written confirmation from the insurer that your request will be fulfilled by the specified deadline.
  4. A statement stating that you no longer permit the insurer to deduct cash for premiums from your payment account.

SAMPLE 1: Cancellation of health insurance policy letter.

Maha Jar - 92
Upper Valley,
Mumbai - 700921

The Branch Manager
Nampui Health Insurance Co.
Hajar Valley, 
Mumbai - 700521

The 19th December, 2021.

Request to cancel health insurance policy.

Respected Sir,

I'm Anushka Sharma, and I'm a policyholder with your Company. I'm writing to inform you that I'd like to cancel the health insurance coverage I purchased from your firm. 

The reason for this is because the reports on which I purchased the coverage turned out to be incorrect. I got my medical tests done again, and they came back negative for the illness in question.

As a result, I'd want you to terminate the insurance coverage that is in my name. I will be eternally grateful to you.

Sincerely yours,
Name : ___________
Signature : _______________
Phone number : __________________.
You'll need:-

SAMPLE 2: Letter format for cancellation of the insurance policy.


The manager

Date : __/__/_____

Subject : Cancellation of Insurance policy.

To whom it may concern,

I regret to state you that as of September 2022, I, Rajesh Kumar, an insurance policy holder with your firm under policy number 90021, have opted to cancel my health insurance coverage. 

This selection was made since I was looking for a similar comprehensive coverage plan at a cheaper rate. I'm also dissatisfied with your company's customer service. 

At your earliest convenience, I would want a formal confirmation of the cancellation for my records.

Yours truly,
Rajesh Kumar
Signature : _____________.

ALSO, READ|letter to the insurance company for maturity claim.

SAMPLE 3: Sample letter of cancellation of the car insurance policy.

Your address.

The Branch manager
TATA Insurance company

Date : 17th Sept, 202#.

Subject, Request for cancellation of car insurance policy.


I'd want to cancel my car insurance policy, number 700721, which expires on September 9, 2021. Raja insurance company, policy number 50021, will cover me as of that day. As on that day, please halt all automated payments or debits from my account.

I'd want formal confirmation of the cancellation, as well as a prompt refund of any unused premiums.

Please contact me at the following address if you have any questions.

Yours sincerely,
Name : Nampui L.
Signature : ________________
Phone number : 987654221.

Insurance Cancellation Letter

Read unique Samples here.

SAMPLE 4: Policy cancellation request mail format.

_____________ [Your address].

__________________ [Designation]
__________________ [Company Name]
__________________ [ Address].

Subject,Policy cancellation request.
Dear Sir,

I'm sending you this cancellation letter to cancel my life insurance coverage with your company. 

Please take this mail as an official request to terminate my life insurance policy, 90021, as of right now. I urge that you halt all charges and debits, as well as any payments. I have receipts for all premiums paid during the policy's term.

I am requesting that the premium I paid previously be cancelled and returned at this time. This cancellation request must be completed within 17 days after receipt of this letter.

I would like you to give me a cancellation confirmation letter for the insurance. Please take this as an urgent matter and complete it as soon as possible.

Yours Sincerely,

MUST READ• Letter To Reduce Insurance Premium.

SAMPLE 5: Life insurance cancellation letter.

Your address.

The junior manager
Life insurance corporation of India
Address of the company.

Dated : 18th November, 2021.

Subject : 


Please accept this letter as my formal petition for the above-mentioned policy to be cancelled. This cancellation will take effect on September 18th, 2021. 

Please return any unused premiums to me at the address provided below as soon as possible. Please be aware that I no longer permit your organisation to take any future premium payments directly from any of my accounts.

I'd want formal confirmation of this cancellation within the next 20 days. If you have any questions, please do not hesitate to contact me. 

I eagerly anticipate your fast response on this subject.

Sincerely yours,
_________________ [Your name]
_________________ [Phone number].

MUST READ:- Letter To Change Insurance Agent.

Recommend Letters:-

  1. letter to the insurance company for late submission of a claim.
  2. Application for School Transfer Certificate.
  3. Letter To Insurance Company For Maturity Claim.


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