Friday, May 10, 2024

LIC | What is the Grace Period of LIC Premium Payments?

In the case of LIC Premium payments, due to some reason, if you fail to pay the premium on time, then the grace period is from 15 to 30 days.

Image source: Google

Make sure the grace period depends on the mode of premium payment like below-

Premium Payment Mode is-
Monthly- 15 Days
Quarterly- 30 Days
Half-yearly- 30 Days
Yearly- 30 Days

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