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Thread: Was not able to pay my last four LIC premium instalment?

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  1. 10-04-2011 #1
    Jimmy
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    Quote Originally Posted by >take View Post
    If you have missed the grace period you cannot pay the premium online. You need to go to nearest LIC office and pay the premium with interest and penalty of not paying the premium and reinstatement.
    1. What is grace period?

    2. Is it same for all LIC policies?
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  2. 10-04-2011 #2
    v.r.s.nathan
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    Quote Originally Posted by Jimmy View Post
    1. What is grace period?
    2. Is it same for all LIC policies?
    Days Of Grace
    Policy holders are expected to pay premium on due dates. a period is 15-30 days is allowed as grace to make payment of premium; such period is days of grace.
    More info - http://www.policywala.com/content.ph...surance-policy
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