Insurance Cooling-off Deadline Calculator (Korea)
Finds the deadline to withdraw a Korean insurance application (the earlier of 15 days after receiving the policy and 30 days after applying) and the 3-month cancellation date.
How to use
- Enter the application date, the date you received the policy and the date you will send the withdrawal.
- Read the deadline and days left, then copy the reference letter (Korean).
FAQ
What is the rule?
Under Article 46 of the Financial Consumer Protection Act, the earlier of 15 days after receiving the policy and 30 days after applying. Not available for policies with 90 days or less of coverage or for professional financial consumers. Korea-specific and in Korean.
AI agents: this calculation is available over an API without the form — see /llms.txt and the tool list at /api/calc; confirm the final result on this page.