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Refund Policy - 即時報價及投保 | 中國平安保險(香港) - 網上保險

Refund Policy

All insurance policies premium collected shall be non-fundable, except for the situations listed below:

1. For all in force Motor and Mortgage Fire Insurance Policies with no reported claims shall be entitled for a premium refund, governed by the Short Period Rates shown in the below.
2. The Company reserves all rights to cancel any insurance policy at any time. In the event that a cancellation is made, the refundable premium shall be calculated from the policy’s inception date (also called the policy’s effective date).

Refund Table (Short Period Rates)
Date of Cancellation Premium Charges (%)
Within 1 month 20% of premium Or $618 whichever is greater
Within 2 month 30% of premium Or $618 whichever is greater
Within 3 month 40% of premium Or $618 whichever is greater
Within 4 month 50% of premium Or $618 whichever is greater
Within 5 month 60% of premium Or $618 whichever is greater
Within 6 month 70% of premium Or $618 whichever is greater
Within 7 month 80% of premium Or $618 whichever is greater
Over 7 months 100% of premium, no refund
The refund should be provided if there haven’t any claim arisen during the current period of insurance

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