AIG's Terms
Per Trip Policy: AIG will not allow any refund of premium once the Policy is issued.
Annual Multi-Trip Policy: If the Policy is cancelled less than 6 months from the Policy effective date, a short rate will apply except if there has been a claim against the Policy during that time-period. There will be no refund for cancellation of a policy after 9 months from the Policy effective date.
AXA's Terms
You may cancel the Policy at any time by giving seven (7) days’ written notice to AXA provided no claim has been paid during the current Period of Insurance. In the event of such cancellation, AXA will apply a premium refund as follows:-
Single Trip policy
You may at any time prior to commencement of Period of Insurance cancel the Policy by giving written notice of cancellation to AXA. AXA will grant a full refund of the premium provided the amount to be refunded is at least $25 and no claim has been paid prior to the cancellation of this Policy. There will be no refund for cancellation after the Period of Insurance has commenced.
Annual Cover
AXA will grant a short rate refund of the premium paid corresponding to the unexpired Period of Insurance provided the amount to be refunded is at least $25 and no claim has been paid prior to the cancellation of this Policy:
