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  • News From Press Cancellation of a policy is different from non-renewal

    Cancellation of a policy is different from non-renewal

    It is up to the insured or the insurer to decide whether the policy could be renewed or not while it expires
    Mint Mar 31, 2021

    Did you know that there is a difference between an insurer cancelling a policy and choosing not to renew it? Cancellation means termination of the policy. It can be done either by the insurer or the insured before the end of the policy period. However, the non-renewal case arises after a policy has served a period of a year or so. Here, it is up to the insured or the insurer to decide whether the policy could be renewed or not while it expires.

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