Do I need to pay premium in advance for multiyear policy, i.e policy period more than 1 year?

[Siddhesh P]

Do I need to pay premium in advance for multiyear policy, i.e policy period more than 1 year?

[Sankalp Khanna]

Yes, entire premium has to be paid in advance.

[W@L · Accepted solution]

Yes, you will have to pay the premium in full and in advance for future risk start dates.