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This plan has a grace period of 30 days for yearly, half yearly and quarterly frequencies from the premium due date. The grace period for monthly frequency is 15 days from the premium due date.

The following is not an exhaustive list and depends on the scheme being underwritten successfully by HDFC Life but it is intended to cover the main terms and conditions: §Cover Term: 1 month to 30 years §Minimum age at entry: 14 years §Maximum age at entry: 70 years §Maximum cover ceasing age: 75 years §Minimum premium ...

The insurance grace period can vary from as low as 24 hours to as much as 30 days, depending on the policy the individual has subscribed to. The insurance policy agreement states the grace period given and making the payments after the due date can attract additional charges in the form of a penalty.

HDFC Life QuickProtect Plan. HDFC Life QuickProtect is an end-to-end solution that comprises 4 coverage benefits clubbed into one solution ? HDFC Life Click 2 Protect Life with Accidental Death Benefit option, HDFC Life Critical Illness Plus Rider, and HDFC Life Income Benefit on Accidental Disability Rider.

Monthly premiums ? 15 days grace period. Quarterly premiums ? 30 days grace period. Half-yearly premiums ? 30 days grace period.

Guaranteed Income Insurance Plan is a non-linked non-participating individual life insurance savings plan that provides guaranteed tax-free benefits after completion of premium payment term and Guaranteed Death Benefit during the entire policy term. This is a savings oriented product.

A life insurance premium payment has to be made on or within the due date, beyond which a grace period of up to a maximum of 30 days is available. If you don't pay the premium within the grace period, even the policy gets lapsed with all claims turning invalid and all the benefits and coverages terminated.

You Can Miss a Payment Without Losing Coverage Most policies have a 31-day grace period after your premium's due date. You can make a late payment without being charged interest and still be covered. If you die during the grace period, your beneficiary gets the death benefit minus the past due premium.