First surrender the certificate of insurance. Unused premium would be refunded depending upon the following circumstances -
  1. If the insurance cover was continuous for 12 months or more, the Premium to be refunded on pro-rata basis subject to no claim made on the policy.
  2. If the cover is not continuous, the Premium is to be retained on short period basis and the balance to be refunded.
  3. It should be noted that in the event of cancellation of cover, premium should be refunded only if there has been no claim under the policy.