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Bajaj student travel insurance Bajaj Allianz Travel Cancellation Procedure

Bajaj Allianz student insurance quotes

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Bajaj-Allianz Travel Insurance

How does Bajaj Allianz travel insurance cancellation work?

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

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Customer testimonials

Bajaj Allianz Citation

Mr. Anshul Nijhawan, Head Travel Services at Bajaj Allianz says NRIOL and bajaj allianz have been working together for quite sometime now and NRIOL has successfully delivered seamless customer service by making available bajaj allianz travel insurance products to its customers online".