Great news for insurance buyers: 12x longer free-look period to help choose the best policy

Zee Business Video Team | Updated: February 19, 2025 06:42 PM IST

In a big relief for the insured, the Narendra Modi 3.0 government has proposed to increase the free-look period from 30 days to 12 months—a 12 times increase from the timeframe currently available to insurance buyers to cancel a policy without bearing penalty. Experts say this is a significant move that can boost competition in the country’s insurance space while enabling customers to course-correct after picking a policy.



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