[User_5a7c3d9c]

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User_5a7c3d9c
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March 1, 2025 at 9:36 am

How will bank refund the insurance amount? Not a legal advice: The insurance will be refunded if you cancel the it. If you didn’t cancel it and still the insurance is refunded then you can take action regarding that. The reason for loan insurance is for this type situations. You can talk with the head office of that bank, if it is still not getting resolved you can complain to [cms.rbi.org.in](https://cms.rbi.org.in/) or take legal action on the bank.

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