Document background
The Policy Cancel Request Letter is a formal document used when a policyholder wishes to terminate their insurance coverage in Singapore. This document is essential for creating a clear record of the cancellation request and ensuring compliance with Singapore's Insurance Act and MAS regulations. The letter should include specific details about the policy, policyholder information, desired cancellation date, and reason for cancellation. It serves as official documentation for both the insurer and policyholder, protecting both parties' interests and ensuring proper processing of the cancellation request.
