Canceling an AIA insurance policy and recovering your money depends heavily on the specific policy type and when you decide to terminate the agreement. Most individual policies include a standard statutory cooling-off period—typically between 14 to 30 days from inception—during which you can cancel for a full refund of any premiums paid, provided no claims have been made. If you choose to cancel a term life or health insurance policy outside this initial window, coverage simply ceases, and premiums paid for past risk protection are generally non-refundable. For savings-linked or permanent whole-life policies containing cash surrender values, canceling the contract may entitle you to a calculated cash payout, though surrender charges or administrative deductions often apply during the early years of the policy.
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