Free Look Period

The Free Look Period is a short period after a mortgage-related insurance policy is issued during which the customer can cancel the policy without penalty. In the UAE, this is typically around 14 to 30 days, depending on the insurance provider and the terms of the policy.

The period usually starts from the date the policy begins or when the customer signs the policy documents. If the policy is cancelled within this timeframe, the customer is generally entitled to a refund of premiums, although this may vary depending on the provider and any applicable conditions (such as medical underwriting costs).