How to report cancelled insurances

Hello I received two foreign incomes for £3700 because I cancelled two insurances I insured for few years One is Saving and one is for critical illness. Both the cash value of insurance is lower than the sum of money I paid. Under this situation, where and how should I report in the self assessment form? Cheers

Hi,
The gain should be reported. How to do this depends on your circumstances:
1. If you are already within Self Assessment you should report the gain in your Self Assessment return.
2. If you are not within Self Assessment but the gain (together with your other savings and investment income) exceeds £10,000, you should register for Self Assessment and report the gain in your Self Assessment return.
See the following guidance on how to register.
When reporting the gain in your return, use supplementary pages SA106
Include the details of the gain under ‘Other overseas income and gains’
3. If you are not within Self Assessment and the gain (together with your other savings and investment income) does not exceed £10,000, you should report it by either:
Contacting Self Assessment: general enquiries
Sending a copy of the chargeable event certificate to Self Assessment, HM Revenue and Customs, BX9 1AS.
Please include your National Insurance number.
Thank you.