Terms and conditions for TATA AIA Secure 7 Vs TATA AIA Money Back Plus consist of grace period, free look period, exclusions etc.. (life.indiainsured.com)
If you select this option, you won't have to begin making payments on your new Direct Consolidation Loan until closer to the end of the grace period on your current loans. (studentaid.ed.gov)
To illustrate, they charged late fees when customers paid on the last day of their grace period — which, was still within the scheduled time for payment. (studentloans.net)