Managing compulsory insurance policies can sometimes be complex, especially when dealing with the specifics of health and traffic insurance in Turkey. This article aims to clarify the procedures for the termination and cancellation of these policies, ensuring you are well informed and prepared.

Health Insurance Policies

When it comes to health insurance, it's crucial to understand the rules governing the termination of policies, particularly if premiums are not paid. The Turkish Commercial Code dictates the conditions under which an insurance policy may be terminated due to non-payment. However, if the insured wishes to cancel the policy voluntarily, the process is governed by specific regulations.

Cancellation Process:

If you need to cancel your health insurance policy, written notification to the insurance company is mandatory. The process for policies issued under the Law on Foreigners and International Protection is further detailed in the Circular Letter dated June 16, 2021, numbered 2021/8. This regulation outlines the requirements for private health insurance related to visa and residence permit applications.

Required Documents for Cancellation:

To successfully terminate your health insurance policy, you must provide the following documents to your insurance company within one month:

  1. New Private Health Insurance Contract: This contract should cover the duration of your residence permit.
  2. Residence Permit Documents: These include documents related to the cancellation or non-extension of your residence permit.
  3. General Health Insurance Coverage Proof: As stipulated by Law No. 5510 on Social Insurance and General Health Insurance.
  4. Residence Permit Application Rejection or Withdrawal Documents: If your residence permit application was rejected or you withdrew it before a decision was made.

Without these documents, the insurance company cannot process the cancellation of your policy.

Traffic Insurance Policies

Traffic insurance policies also come with their own set of conditions for cancellation. Here are the specific scenarios where voluntary cancellation of a traffic policy is possible under RG-4/12/2021-31679:

  1. Death of the Insured: If the policyholder passes away, the traffic insurance policy can be canceled. This is a straightforward situation where coverage is no longer required.
  2. Withdrawal of the Vehicle from Traffic: If a vehicle is permanently taken off the road due to being scrapped or deemed a total loss, the traffic insurance policy can be canceled. This ensures that you are not paying for a policy on a non-existent vehicle.
  3. Selling the Vehicle: Upon selling your vehicle, the associated traffic policy can be canceled. The new owner will need to secure their own insurance coverage.
  4. Return of a New Vehicle to the Dealer: If you cancel the purchase of a brand-new vehicle and return it to the dealer, the traffic insurance policy for that vehicle can also be canceled. This usually occurs within a short period after the purchase.
  5. Existence of a Duplicate Policy: Occasionally, a vehicle might have more than one traffic insurance policy in effect. In such cases, the duplicate policy can be canceled to avoid redundant coverage.

Conclusion

Understanding the conditions for canceling compulsory health and traffic insurance policies helps you manage your policies effectively, avoiding unnecessary costs and complications. Always consult with your insurance provider to confirm the specifics related to your situation. Being informed and prepared ensures a smooth process, whether you're dealing with health or traffic insurance.

For personalized advice and assistance with your insurance needs, feel free to contact Ikamet, your trusted partner in navigating the complexities of Turkish regulations and market opportunities.