Most insurers will give you a refund if you have not made any claims during the policy year but you will usually have to pay administration fees. If you want to cancel your policy after the cooling-off period you should check your insurance policy. The right to cancel during a cooling-off period does not apply to travel insurance that lasts less than one month. If you want to cancel your policy during the cooling-off period you should contact your insurer as soon as possible If you’re not sure how long your cooling-off period is, you can check the terms of your insurance policy. Some insurers may give you a longer cooling-off period.

They may also charge you a small administration fee. However, your insurer may take off a small amount to cover days when the policy was in force. You should get a refund of any premiums you have already paid. The cooling-off period starts from when the policy begins or when you receive your policy documents, whichever is later. If you’ve bought life insurance, the cooling-off period is 30 days. By law, you have a minimum 14-day cooling-off period during which you can cancel the policy for any reason. You may want to cancel an insurance policy if you have just bought it and have changed your mind.

This page explains what you can do if you’ve taken out an insurance policy and decide you want to cancel it. However, you may decide that you no longer want or need your insurance policy. Insurance gives you extra protection if things go wrong.

How to cancel sun life insurance