Grace Period for Insurance Premium Payment?

Hi anon,

Typical grace period is 30 days after which policy will probably lapse.

You may be able to reinstate after it lapses by paying the premium, but subject to a health declaration (depending on insurer and how much time has passed after it lapsed).

Try not to 'utilize' this too much :)

Different insurers and/or policies may have different grace period. Since there is no one-size-fits-all answer, it will be best to check with the insurer directly.

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