alexa
Indianmoney.com Missed Call Number
 
Home Education How can you revive a lapsed policy?

For more knowledge from around the globe get Indianmoney App Now

Google Play
 
Get the Best Financial Advice on Term Insurance PlansClick Here
 
How can you revive a lapsed policy?

How can you revive a lapsed policy?

Thursday, October 26, 2017, 4:53 PM

If you have failed to pay your insurance-premium, your policy will be transferred to a grace-period status, where ideally the insurance-company is still accountable for paying the sum-assured if a valid claim is filed for a death of the insured during this time period. Usually, an insurer will give you a grace period of 30-days for half-yearly and yearly payments, and 15-days for monthly-payments.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!