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The Non Renewal Insurance Letter is a crucial document in the Indian insurance industry, used when an insurer decides not to continue coverage for a specific policy beyond its current term. This document must be prepared and delivered in accordance with the Insurance Act, 1938, IRDAI regulations, and other applicable Indian insurance laws. The letter serves multiple purposes: it provides formal notice to the policyholder, complies with regulatory requirements for policy termination, and documents the specific reasons for non-renewal. The timing of this document is critical, as Indian insurance regulations mandate specific notice periods (typically 30 days) before the policy expiration date. The letter must include comprehensive policy details, clear reasoning for non-renewal, and information about the policyholder's rights and options. It's particularly important in maintaining transparent communication between insurers and policyholders while ensuring regulatory compliance.

1. Letter Header: Insurance company's letterhead, including full registered address and contact details

2. Date and Reference: Current date and policy reference number

3. Policyholder Details: Full name and address of the policyholder

4. Policy Information: Details of the insurance policy including policy number, type of coverage, and current expiration date

5. Non-Renewal Declaration: Clear statement of intent not to renew the policy

6. Reason for Non-Renewal: Specific explanation for the decision not to renew as required by IRDAI regulations

7. Termination Date: Clear statement of when coverage will cease

8. Regulatory Compliance Statement: Statement confirming compliance with IRDAI notice period requirements

9. Contact Information: Details for questions or clarifications

10. Signature Block: Authorized signatory details and company stamp