Insubuy Insurance

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Short Term Refund Table


Long term insurance products such as Global Medical Insurance (IMG), Reside Prime (Seven Corners), and Reside Worldwide (Seven Corners) are annual plans. They are renewed annually. Even though these products offer various payment options such as annual, semi-annual, quarterly or monthly in case you need to cancel the policy before the year is over, you can get a refund on annualized premium based on the short rate refund table below.

In order to estimate you refund, you will have to first calculate the number of days that have elapsed since the effective date of your insurance. Next, look at the table below. The insurance company will keep the percentage of the premium specified next to the number of days. They will refund the rest of the premium to you. And irrespective of the payment frequency you have chosen, you are responsible for the percentage amount listed below on any given day.

Days
%
Days
%
Days
%
Days
%
Days
%
Days
%
Days
%
Days
%
Days
%
Days
%
1
25
38
25
75
31
112
41
149
51
186
61
223
69
260
77
297
86
334
94
2
25
39
25
76
31
113
41
150
52
187
61
224
70
261
78
298
86
335
94
3
25
40
25
77
32
114
42
151
52
188
62
225
70
262
78
299
86
336
94
4
25
41
25
78
32
115
42
152
52
189
62
226
70
263
78
300
86
337
94
5
25
42
25
79
32
116
42
153
52
190
62
227
70
264
78
301
86
338
95
6
25
43
25
80
32
117
43
154
53
191
62
228
70
265
79
302
87
339
95
7
25
44
25
81
33
118
43
155
53
192
63
229
71
266
79
303
87
340
95
8
25
45
25
82
33
119
43
156
53
193
63
230
71
267
79
304
87
341
95
9
25
46
25
83
33
120
43
157
54
194
63
231
71
268
79
305
87
342
95
10
25
47
25
84
34
121
44
158
54
195
63
232
71
269
79
306
88
343
96
11
25
48
25
85
34
122
44
159
54
196
63
233
72
270
80
307
88
344
96
12
25
49
25
86
34
123
44
160
54
197
64
234
72
271
80
308
88
345
96
13
25
50
25
87
34
124
44
161
55
198
64
235
72
272
80
309
88
346
96
14
25
51
25
88
35
125
45
162
55
199
64
236
72
273
80
310
88
347
97
15
25
52
25
89
35
126
45
163
55
200
64
237
72
274
81
311
89
348
97
16
25
53
25
90
35
127
45
164
55
201
65
238
73
275
81
312
89
349
97
17
25
54
25
91
35
128
46
165
56
202
65
239
73
276
81
313
89
350
97
18
25
55
26
92
36
129
46
166
56
203
65
240
73
277
81
314
89
351
97
19
25
56
26
93
36
130
46
167
56
204
65
241
73
278
81
315
90
352
98
20
25
57
26
94
36
131
46
168
57
205
65
242
74
279
82
316
90
353
98
21
25
58
26
95
37
132
47
169
57
206
66
243
74
280
82
317
90
354
98
22
25
59
27
96
37
133
47
170
57
207
66
244
74
281
82
318
90
355
98
23
25
60
27
97
37
134
47
171
57
208
66
245
74
282
82
319
90
356
99
24
25
61
27
98
37
135
47
172
58
209
66
246
74
283
83
320
91
357
99
25
25
62
27
99
38
136
48
173
58
210
67
247
75
284
83
321
91
358
99
26
25
63
28
100
38
137
48
174
58
211
67
248
75
285
83
322
91
359
99
27
25
64
28
101
38
138
48
175
58
212
67
249
75
286
83
323
91
360
99
28
25
65
28
102
38
139
49
176
59
213
67
250
75
287
83
324
92
361
100
29
25
66
29
103
39
140
49
177
59
214
67
251
76
288
84
325
92
362
100
30
25
67
29
104
39
141
49
178
59
215
68
252
76
289
84
326
92
363
100
31
25
68
29
105
39
142
49
179
60
216
68
253
76
290
84
327
92
364
100
32
25
69
29
106
40
143
50
180
60
217
68
254
76
291
84
328
92
365
100
33
25
70
30
107
40
144
50
181
60
218
68
255
76
292
85
329
93
34
25
71
30
108
40
145
50
182
60
219
69
256
77
293
85
330
93
35
25
72
30
109
40
146
50
183
61
220
69
257
77
294
85
331
93
36
25
73
30
110
41
147
51
184
61
221
69
258
77
295
85
332
93
37
25
74
31
111
41
148
51
185
61
222
69
259
77
296
85
333
94