As this policy is endowment policy, I need to pay on yearly basis for 7 years. (policybazaar.com)
Other premium payment options — There are other premium payment options for people looking to save and put away a certain amount every month, or a quarterly or yearly basis as well. (easypolicy.com)
Make sure you budget your risk capital on a quarterly or yearly basis so you always have it there. (learntotradethemarket.com)