The premium paid for an insurance product will be repaid through cheque or direct credit in accordance with the insurance provider's policy, which you have chosen to purchase the product from, in the event of a refund due to an incorrect transaction or cancellation.
In case an insurance policy is cancelled, the premium paid for an insurance product will be repaid by the Insurance Company through cheque or direct credit in accordance with the insurance company's policy that you have selected to purchase the merchandise from.
In case of failure of payment, the insurance company reserves the right to cancel the policy, the website is nowhere involved/concerned with this cancellation process.
Generation of insurance policy and sending softcopy of the same is the sole responsibility of the service provider chosen by you and Myinsurancekart is not responsible for any failure in generation of policy.