What happens if policy premium is not paid in child insurance plans?
By IndianMoney , 8 months ago
IndianMoney
8 months ago
The premium must be paid on or before the premium due date. The insurance company provides a 'grace period' that allows the policyholder some additional time within which the payment of premium must be done. in case the premium is not paid within the grace period the policy will be considered lapsed and the subscriber will lose its benefits.
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