Which insurace policies provide grace period to policyholders?
Saturday, June 17, 2017, 3:46 PM
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.