Mostly a south Indian festival, Vishu is the dawn of a new astronomical year, and the day marks the first day of the Malayalam month of Medam that corresponds with April in the Gregorian calendar.
They will issue a refund and depending on the method of refund, this should be completed within 28 days. You will be asked to return all documentation regarding the gap insurance you have cancelled and the cover will cease at this point.
If you do not have insurance coverage, you may still receive the tax credit. or refund if you purchase or contract to purchase a replacement unit within 180 days after the date of the loss. Note: The replacement unit must be a like unit, i.e., replacing a boat for.