What’s the difference between cancellation and non-renewal?

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What’s the difference between cancellation and non-renewal?

Cancellation of ongoing contract means you can terminate your contract at any time. However, if you cancel before the renewal date, you will incur a cancellation fee.

Non-renewal, on the other hand, means that your contract will not automatically renew when it expires.

Please note that all insurance contracts are automatically renewed on their expiration date. If you do not wish to renew your contract, you must submit a request through your YouSet account.

 

 

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