How long is the free look-in period under a term insurance policy from the date of receipt of the policy document?

A. 5 days

B. 10 days

C. 15 days

D. 20 days

Answer: Option C

Solution(By Examveda Team)

A free look period often lasts 15 days (depending on the insurer), allowing the contract holder to decide whether or not to keep the insurance policy; if he or she is not satisfied and wishes to cancel, the policy purchaser can receive a full refund.