Contract Waiver

You (the insurer) have the right to withdraw from the contract within 14 days from the signing of the insurance contract, and within 30 calendar days from the conclusion of the life insurance contract, without specifying any reason, penalty or additional tax, in case of concluding the insurance contract remotely or outside the office. In such a case, you will be refunded the premium you paid within 14 calendar days of submitting your application.

Renunciation of the contract is not allowed if:

• The price of the insurance contract does not exceed 30 GEL;
• The validity period of the insurance contract is less than the period of refusal;
• an insurance contract related to the main contract is signed, when the main contract does not include the right of refusal;
• The price of the insurance contract depends on changes in the financial market, which are not under the control of the insurer and which may occur during the period of using the right to refuse the contract;
• If you (the insurer) before the expiration of the right to refuse the contract, request, taking into account the terms of the insurance contract, to receive the service and we (the insurer) have provided you with information that by receiving the relevant service you lose the right to refuse.