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Which insurace policies provide grace period to policyholders?

Saturday, June 17, 2017, 10:16 AM

Life insurance companies provide a grace period in traditional life insurance policies like whole life insurance, endowment plans and money back. However, such a period depends on the frequency of premium payment. For instance, insurance policies with yearly and half-yearly premium payment options provide a grace period of 30 days whereas policies with monthly premium payment offer a grace period of 15 days.
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