Refunds are available to all Insureds/ Policyholders, who have fully paid their premium for the period of insurance coverage and either request the cancellation of the policy or a reduction of the risk covered; or where another of the specified changes / reasons is applicable.
The Refund Policy Applies to:
- Policy Cancellation
If policyholder has other business with Gulf Insurance Ltd- pro rata refund
Otherwise- short period rate (where coverage has not exceeded eight months)
- Decrease Sum Insured
- Any other changes which result in a reduction of risk and a refund of premium
- No Claim Discount (NCD), after proof is verified by Gulf Insurance Ltd
- Other approved discount
Please note the following:
To cancel, reduce or otherwise amend your insurance policy coverage, you may visit any of our offices, contact us at 285-GULF or e-mail us at the following e-mail address [email protected] indicating your intention.