Cancellation

Item Explanation
CancellationThe stops the policy
Manual lapseFor lapsing a policy where 3 premiums have been missed.
CancellationTo cancel the policy completely.
Deceased ClientWhere the policy holder is deceased.
NTUWhen a policy is cancelled at inception – it’s a Not Taken Up lead.
Not AvailableWhen the client is Not Available to cancel the upgrade.
RejectionThis isn’t often used.
Claim PaidIf the policy cancelled after a claim is paid.
Duplicate policyIf the client has more than one policy, this is used to cancel one of the policies.
UG cancelled