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First documentHow Life Insurance Works? Insurance Guide for BeginnersOpen original ↗
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Second documentBest Life Insurance Plans in India 2026 | Compare & BuyOpen original ↗
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First paragraph28 words
Popular Searches
Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums
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Term Life Insurance Whole Life Insurance Critical Illness Insurance Accidental Death Benefit Rider Compare Life Insurance Quotes Best Life Insurance Companies In India Factors Affecting Life Insurance Premiums
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Life Insurance Rider Life Insurance Plans Types of Life Insurance Term Life Insurance Tax Benefit What is Insurance? Life Insurance Premium Life Insurance For Children
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Life Insurance Rider Types of Life Insurance Term Life Insurance Tax Benefit What is Insurance? Life Insurance Premium Life Insurance For Children Life Insurance for Seniors
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Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance
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Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance
First paragraph82 words
What happens if you fail to pay the Premiums?
In typical insurance cases, once you miss your premium instalment, you are given a grace period to pay the premium amount. In case you fail to do so even after the grace period, your policy will lapse, and the benefits will no longer be paid out. However, depending on the type of policy, you might also be offered a revival period to revive the policy; paid up can also happen, depending on the type of policy and the number of premiums paid.
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How to Avoid Claim Rejection?
Pay Premium on Time: Make sure to pay your premium on time. Don't worry if you forget to make a payment, the insurer will give you a grace period and your policy will be still active. However, if the grace period is missed, your policy lapses and you don't get the coverage benefits.