Discontinuance of Premium

By | February 4, 2009

Most of the ULIPS cease the life cover immediately after the grace period may be of one month. But the fund will work continuously. The insurer will wait for 2 years(mostly) to get it paid and renewed. Here unlike the traditional endownment and money back plans the insurers dont charge any interest. If its not renewed, the fund value at the end of 2 years be paid (mostly)and the policy get closed.

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