Sentences with phrase «expiry of the grace period»

Insurers should send a notice to the discontinued policy holder within 15 days from the date of expiry of the grace period.

If the due premiums are not paid within the grace period, a revival notice will be sent to the policyholder within fifteen days from the date of expiry of the grace period.

If policy holder fails to pay the premium even after the expiry of grace period, the policy status will be changed to lapse or Paid - Up depending on the year in which the policyholder fails to pay the premium.

A revival notice will be sent to the policyholder within fifteen days from the date of expiry of the grace period.

In case the premium of HDFC Life ProGrowth Plus plan has not been paid even till the expiry of the grace period, then the following options are available to you:

On failure of premium payment for 3 years, then, the policy is subject to lapse immediately after the expiry of the grace period.

The life cover shall cease on the non-payment of the due premiums before the expiry of the grace period, given that the policy has not acquired any paid - up value yet.

If the premium is not paid before the expiry of the grace period then the policy lapses and no benefits are payable to the beneficiary.

All the benefits under the policy will cease after the expiry of grace period and nothing will be paid, if the premiums have been paid for less than 3 years.

If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period.

In case the premium is not paid by the expiry of the Grace Period, the following provisions will apply

Once the policy has acquired a surrender value, in case of non-payment of due premiums till the expiry of the grace period, the policy will not lapse but will become Reduced Paid Up (RPU).

If the policy holder stops paying the premium, then the policy would lapse and all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium.

Once the policy has acquired a surrender value, in case of non-payment of due premiums till the expiry of the grace period, the policy will not lapse but will become Reduced Paid - Up (RPU).

In case the premium is not paid by the expiry of the Grace Period, the Company will, within 15 days of the expiry of the Grace Period

We must receive such notice, in writing, no later than one month from the date of expiry of the grace period.

Once the policy has acquired a surrender value, in case of non-payment of due premiums before the expiry of the grace period

The Notice Period - In case the premium is not paid by the expiry of the Grace Period, the Company will, within 15 days of the expiry of the Grace Period

You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period.

In case the premium for the rider are not received up to the expiry of the grace period, the rider will lapse and benefits will be inapplicable.

However, if this Policy has acquired a Surrender Value and upon non-payment of the overdue Premiums by You till the expiry of the grace period as specified in Section 9.10 above, then, this Policy shall not lapse and shall by default become a Policy under Reduced Paid Up Mode.

If you have not paid your premium by the expiry of the grace period, then you will have the following options: