Grace Period: On failure of payment of the premium
for monthly payment modes, a grace period is allowed for 15 days within which the policyholder can pay his premium dues.
Grace Period: A grace period of 15 days is allowed for policies
under monthly payment mode and a grace period of 30 days is allowed for policies under all the other payment modes from the premium due date to pay the premium.
Grace Period: A period of 15 days (
for monthly payment mode) and 30 days (for other modes) is provided to the insurance holder during which he / she can pay off all the due premiums.
This period is 30 days in case of yearly, half - yearly and quarterly modes of premium payment, and 15 days in case
of monthly payment mode.
This arrangement is usually required for
the monthly payment mode.
Comparison based on Banner's non-tobacco rates, Colonial Penn's standard rates for both males and females and
monthly payment mode.
This arrangement is usually required for
the monthly payment mode.
Grace Period: If you opt for
the monthly payment mode, you will receive a grace period of 15 days.
The grace period is 15 days in case of
monthly payment mode.
The Quarterly and
Monthly payment modes are to be paid by direct account transfer automatically.
These plans provide you the option to pay premium as annually, semi annually, quarterly or
monthly payment mode, as per your paying capacity.