Life insurance products are long-term contracts. There are two ways of paying the premium for your life insurance policy: upfront payment or annual payment
In the wake of the recent cash crunch as a result of demonetisation of Rs500 and Rs1,000 notes, the Insurance Regulatory and Development Authority of India (Irdai) has extended the grace period for paying the renewal premium of life insurance policies by 30 days .
This article was originally published on December 07, 2016.
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4 min read•By Pranit Mathur
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