How can an insurance policy be revived after it lapses?1 min read 12 May 2022, 10:09 PM IST
Insurance companies provide a grace period of up to 30 days from the policy renewal date to pay the outstanding premium
I bought a 10-year traditional insurance policy in 2015. I paid the premium for the first five years but was not able to pay for the last two years. Can I start paying the premium now? Has the policy lapsed? What happens if I don’t pay premiums on time in the future?
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