Sentences with phrase «monthly premium payment mode»
A grace period of 15 days is provided for monthly premium payment mode.
policybazaar.com
Grace period of 30 days from the premium due date to pay missed premium (15 days in monthly premium payment mode).
The policy holder can makes a choice of paying monthly premium payment mode.
The Grace Period for policies paid under monthly premium payment mode is 15 days.
A grace period for payment of premium of 15 days applies for monthly premium payment mode and 30 days for other modes of premium payment.
If two successive payments / instructions in case of monthly premium payment mode or any one payment / instruction in case of quarterly / half yearly / yearly premium payment mode is not received / honoured, the Company reserves the right to automatically cancel / withdraw the facility of ECS / Direct Debit or Standing Instructions to Credit Card.
If the insured fails to pay his premiums by the due date given, then, he is allowed a grace period of 30 days for any premium payment mode other than monthly, as monthly premium payment modes have 15 days grace period.
Protection for your family: Get life cover of at least 10 times the annualised premium for the entire policy term Pay as you like: With yearly, half - yearly, quarterly and monthly premium payment modes Tax benefits: Get tax benefits on investment and on returns, as per the applicable income tax laws
However, in case there is a delay in paying the premium, you are entitled to a grace period of 15 days for monthly premium payment mode and 30 days for quarterly, half - yearly and annually payment mode for paying premium without any interest.
If two successive payments / instructions in case of monthly premium payment mode or any one payment / instruction in case of quarterly / half yearly / yearly premium payment mode is not received / honoured, the Company reserves the right to automatically cancel / withdraw the facility of ECS / Direct Debit or Standing Instructions to Credit Card.
You can opt for a single, annual, semi-annual, quarterly and monthly premium payment mode and can also have a premium paying term of single or limited pay.
A grace period is an extended duration; of 15 days for monthly premium payment mode & 30 days for other premium payment modes, from the premium due date given to the life assured to pay his due premium.
Grace Period: If the insured fails to pay his insurance premium by the due date, then a grace period of 15 days is allowed for monthly premium payment mode and a grace period of 30 days is allowed for annual mode of premium payment.
Grace Period: If the insured fails to pay his premium within the premium due date then he is allowed a grace period of 15 days for monthly premium payment mode and 30 days grace period in case of annual premium payment mode, failure to which the policy shall lapse.
Grace Period: The insured is allowed a grace period of 15 days for his monthly premium payment modes; and, if the insured fails to pay his premiums of other premium payment modes, then he is allowed for a 30 days grace period.
For the monthly premium payment mode, first 2 months of premiums will be collected in advance at the time of the plan.
The regulator had also said that in the monthly premium payment mode, insurers could accept three months» premiums in advance only on the date of commencement of the policy.
This product allows annual, semi-annual, quarterly and monthly premium payment modes.
The monthly premium payment mode is a good tool as it will benefit the consumer to average out the unit costs better as compared to single annual payments.