On the basis of frequency of premium payment, these plans can be classified in to single premium, regular premium and limited premium payment plans. (personalfinanceplan.in)
● The delayed payments or grace period varies with frequencies of premium payments. (policyx.com)
It was found that the most common frequency of premium payment is annual with an average premium sum of Rs. 13000 and that 72 % people buy the insurance products from their banks. (policybazaar.com)