Can I get my money back if I cancel a life insurance policy?
Yes, you can potentially recover funds through either a merchant-initiated refund or a bank-initiated chargeback. A refund is the first step: contact the merchant directly with your proof of purchase to see if they will reverse the transaction voluntarily. If the merchant refuses to cooperate, the product is defective, or you were a victim of fraud, you can file a formal dispute (chargeback) with your bank. The bank will then investigate the claim and temporarily reverse the transaction while they collect evidence. Note that chargebacks take much longer—typically 30 to 90 days—compared to refunds, and you must file them within the bank's specific window, usually 60–90 days from the transaction date.
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