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How to Cancel Boram Life Insurance and Check Refund
- Writing language: Korean
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Base country: All countries
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Summarized by durumis AI
- To cancel Boram Life Insurance, you need to submit a cancellation request form, membership certificate, and ID card to the customer service center or by mail. Online or phone cancellation is not possible.
- You need to check the refund amount before cancellation. If the number of payments is low, the refund amount may be less. After applying for cancellation, the refund is usually made within 3 days of the completion of the application.
- A full refund of the payment is possible within 14 days of enrollment. After 14 days, you must request cancellation and refund through the official procedure.
To cancel your Boram mutual aid contract, you need to visit the customer service center in person with a cancellation application, membership certificate, and ID card, or send the documents by mail. You cannot cancel online or by phone. You must check the refund amount before cancellation, and if you have paid a small number of installments, the refund amount may be small. Refunds are usually made within 3 days of receipt of the cancellation application. You can receive a full refund of your payments within 14 days of joining, and after 14 days you will need to request cancellation and a refund through the official procedure. You can check the refund amount through the Fair Trade Commission's "Find My Mutual Aid" service. Cancellation procedures vary depending on the mutual aid company. Boram requires a visit to a branch or mail, Free Life, Yedaham, Daemyung I'm Ready can be cancelled by phone, and Parents' Love Mutual Aid can be cancelled by verbal communication.