- The insurer will consider the policy void due to non- payment of premium by the due date and hence reject claim
- The insurer will pay claim and waive off the last unpaid premium
- The insurer will pay the claim after deducting the unpaid premium
- The insurer will pay the claim after deducting the unpaid premium along with interest which will be taken as 2% above the bank savings interest rate
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As per IRDA regulations issued, what is the grace period allowed beyond the expiry date of a policy for renewal?
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1 Answers 1 views
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