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When the termination effective date is in the range from
Policy Start Date +1
toPolicy Start Date + cooling-off period days
, then the termination fee will default as 0When the termination effective date is out of the range from
Policy Start Date +1
toPolicy Start Date + cooling-off period days
, then the termination fee will be default as the predefined value in the Product version
You can update the termination fee manually before terminating the policy. The New Premium will be the prorated premium + termination fee
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The reason “Cooling-off period” will be available in the dialog
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3. Pending termination policies and Terminated policies
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