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Can I cancel my loan repayment insurance policy?

You can cancel your insurance policy at any time and without penalty.

Opting ​​out of involuntary loss of employment

If you have the full package, you can always opt out of involuntary loss of employment. If you decide to do so, you'll only keep the coverage offered by the Basic package and your monthly insurance premium will be reduced.

Insurance for the same loan after cancellation

Once you cancel your insurance policy, you cannot purchase a new insurance policy for the same loan.

Cancellation steps

Open the insurance policy you want to cancel in the Revolut app and select 'Cancel insurance' at the bottom, followed by 'Yes cancel insurance'.