Definition of «due premiums»

The phrase "due premiums" refers to the payments that a person needs to make for their insurance policy on time. If they don't make the payments when they are supposed to, their insurance coverage might be canceled.

Phrases with «due premiums»

Sentences with «due premiums»

  • For single pay policies, surrender value is payable if you have paid all due premiums for three policy years. (comparepolicy.com)
  • There will be a grace period for payment of due premium of the policy. (tips.thinkrupee.com)
  • If due premiums of the first three years are not paid within the Grace Period, the policy will lapse. (policybazaar.com)
  • (see all sentences)
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