Cancelling Bao Viet An Gia and premium refunds

Sometimes a change in needs, work or finances makes you consider stopping the health insurance plan you have for your family. But if you cancel a Bao Viet An Gia policy, how much of the premium can you get back, and what conditions apply? Here is an explanation based on Article 6 of the contract template — read it carefully before deciding.

📌 When a Bao Viet An Gia contract ends

Under the contract template, the contract may end in the following main situations:

• The policyholder (the insurance buyer) requests termination: written notice must be sent to the insurer 30 days before the intended termination date.
• The insurer requests termination: 30 days’ written notice is also required.
• Immediate cancellation: if the insured person is not an eligible participant, does not meet the conditions, or commits fraud, dishonesty or insurance profiteering.
• Automatic cancellation: if the premium is not paid on time and in full by the payment deadline, unless otherwise agreed.

Note that An Gia’s coverage term is usually 12 months. Cancelling midway means you and your family lose the benefits from that point on — including inpatient, outpatient and any add-ons you selected, such as dental or maternity cover.

💰 How much premium is refunded when you cancel

The refund depends on who requests termination and whether any claim has been paid:

The premium for the remaining effective period is calculated by the ratio of the contract’s remaining days to its total days. For automatic cancellation due to late payment, the template does not state a specific refund level, so check the terms in your own contract or ask the insurer directly.

⚠️ The “no compensation paid” condition and the risks of false declarations

Why this condition matters

When you request termination yourself, the 70% refund applies only if no claim request has been accepted for payment during the effective period. If a claim has already been paid, the refund condition under this clause is no longer met; other cases may be regulated separately in the contract, so confirm before submitting your request.

Risks of dishonest declarations

• The contract is cancelled immediately and the insured person loses all benefits.
• The insurer has the full right to reduce its liability for a claim, in whole or in part.
• If the non-disclosure is intended for insurance profiteering, the contract may be void from its effective date.

Instead of hiding information when buying or claiming, declare the truth. If you are unsure about the participant’s health status, read the guide on health disclosure when buying Bao Viet An Gia before signing.

📋 How to request cancellation and a pre-decision checklist

Formally, the termination request must be sent in writing 30 days in advance. This notice period lets both sides handle the procedures; the exact termination date should be stated clearly in your letter. Before proceeding, review:

• ☐ Confirm whether any claim request has been accepted for payment under the contract, since this is the condition for the 70% refund.
• ☐ Calculate the remaining effective days to estimate the refund by the day ratio.
• ☐ Check whether the insured person is undergoing treatment or has treatment planned soon.
• ☐ Consider rejoining later: if you reapply as a new policy, waiting periods may restart from the new effective date — see how waiting periods work in Bao Viet An Gia.
• ☐ Read the termination, refund and exclusion clauses carefully, as content may differ by contract and any amendments.

If you are torn between keeping and stopping the plan, compare the benefits of Bao Viet An Gia with the premiums you have paid and the coverage you actually use, including the points to know when renewing a contract.

🤝 Cancel or keep: weigh it carefully

Cancelling is not only about the refund. Once the insurance ends, inpatient, surgical or outpatient costs arising after that point will no longer be supported under the plan. On the other hand, if you keep the contract but never use it, you have still paid the premium — that is the nature of yearly health insurance.

In all cases, if a dispute arises and the two sides cannot negotiate, either party has the right to file a lawsuit at a court with jurisdiction under current law.

Before requesting cancellation, read Article 6 in your contract carefully or contact Bao Viet’s hotline or your advisory agent to confirm the exact refund for your contract. You can also learn more about the product on Bao Viet An Gia’s overview page for a fuller picture before deciding.