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Frequent Contributor
Posts: 88
Registered: ‎31-03-2016

premium overdue

My uncle has been hospitalised.  His premium is overdue. Will he still be able to use the cashless facility ? 

3 REPLIES 3
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Frequent Contributor
Posts: 90
Registered: ‎02-08-2016

Re: premium overdue

Do not panic. A grace period of fifteen days is usually allowed.

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Contributor
Posts: 67
Registered: ‎02-08-2016

Re: premium overdue

If he is within the grace period allowed by his insurer, then he will be able to claim. 

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Contributor
Posts: 21
Registered: ‎12-04-2017

Re: premium overdue

There is usually a grace period for renewal lapses. However if you have lapsed that Grace period, you will have to check with the insurance company. Usually in life insurance there is a revival of policy by filling up a form. This is usually allowed with the payment of premium along with interest on the premium due period.