Grace Period :
Grace period is the period during which the policyholder can renew his policy. The policy remains in force, i.e. the risk continues to be covered during this period and claims will be serviced in case of death during this period. For yearly, half yearly and quarterly premium payments the grace period is 30 days. For monthly mode of payment -15 days.
Grace period is the period during which the policyholder can renew his policy. The policy remains in force, i.e. the risk continues to be covered during this period and claims will be serviced in case of death during this period. For yearly, half yearly and quarterly premium payments the grace period is 30 days. For monthly mode of payment -15 days.
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