Renewal Letter for an Insurance Policy
[Insurance Letters have to be written either to ensure life and property or to claim for damages suffered by accident, fire and natural causes. The Renewal letter is the continuation of the relationship in-force status by the payment of a premium or dues against the same. Below briefly focus on sample Renewal Letter for an Insurance Policy. It is also proof of these discussions and may state the term of restarting the activity. You can make any change to the below application as per your needs.]
Date: DD/MM/YY
To,
Name of the Recipient…
Company/Individual…
Home/Office Address and Zip Code…
Sub: Regarding the renewal of your insurance policy (Reference Policy Number)
Dear [Name],
You have been a valued customer of (organization/bank name) the past (duration). (Describe in your words). We are privileged to be of service to you and are extremely grateful for your patronage and would like to confirm the renewal of your insurance policy (Policy name) for a further term of [weeks, months, years] as mutually agreed. (Describe all about terms and conditions).
The terms and conditions of renewal have been attached to this letter. (Cordially describe your greetings and requirements). Kindly read carefully acknowledge the same. Since this is a special offer, do respond no later than [Date response required by], to ensure our continued service under the same scheme.
Yours Sincerely,
(Signature/Stamp)
Name of the Sender…
(Company/Individual)
Another Format,
Date: DD/MM/YY
To,
Name of the Recipient…
Company/Individual…
Home/Office Address and Zip Code…
SUB: Regarding the renewal of your insurance policy
Dear Mr. XYZ,
We are happy to enclose a binder of insurance for the renewal of the above policy effective (date). (Describe in your words). We have ordered the renewal from the insurance company, but in the event, it does not arrive by the renewal date, this binder will serve as evidence of insurance until the policy is issued. (Describe actual problem and situation).
We have also enclosed our invoice in the amount of (Money amount). This is the estimated annual premium for the renewal policy. (Describe all about terms and conditions). Payment should be made by the renewal date. If you wish to pay the premium on a monthly basis, please send a down payment of (Money amount) and we will be happy to arrange for premium financing.
It is our sincere pleasure to arrange this insurance on your behalf. (Cordially describe your greetings and requirements). If you should have any questions or concerns, please don’t hesitate to contact our office.
Sincerely,
(Signature/Stamp)
Name of the Sender…
(Company/Individual)
