Not exact matches
I am assuming a typical card where you have something like a 25 day
grace period to pay without interest along with up to 30 days
after the expense before the
grace period starts, depending on the relationship between your cut - off date and when the actual expense
occurs.
A loan enters a
grace period after one of the following
occurs:
If an accident
occurs even one day
after your
grace period, you are on your own, without any coverage from your prior policy.
As long as death
occurs during
grace period which begins the day
after the due date, you are eligible for compensation.
If the death of the policyholder
occurs during the
grace period then the full sum assured will be paid to the beneficiary
after the deduction of the premium due and all the premiums falling due during the policy year.
Reinstatement can only
occur after the end of the
grace period.