Sentences with phrase «miss subsequent premium»
If you have paid all premiums for a full five years and miss subsequent premium (s), you are auto - covered for a period of two years.
https://www.policyx.com/ Not exact matches
If 3 full premiums are paid and subsequent premiums are missed, the policy continues with full insurance cover for 2 years under the Auto Cover Continuation feature
Since then, the regulator Insurance Regulatory Development Authority of India (IRDA) and the industry itself have conducted a major clean - up, capping charges and stopping the loss of premiums due to missed payments in subsequent policy years (low persistency).