What happens if I miss paying my premiums?
  • Personal
  • Business
  • NRI
  • About Us
  • Learn
  • Help
Discover Personal
Discover Business
Discover NRI
Learn

productCArd

Safe Banking
productCArd

Digital Banking
productCArd

Calculators
productCArd

Financial Education
Help

Quick Help

productCArd

Locate Us
productCArd

Call Us
productCArd

Report Fraud / Raise Dispute
productCArd

Service Request

Frequently Asked Questions

productCArd

Accounts
productCArd

Payments
productCArd

Credit Card
productCArd

Kotak 811
productCArd

My Profile
productCArd

Loans
productCArd

Digital Banking
productCArd

Deposits
productCArd

Investments
productCArd

Insurance
productCArd

Working Capital

Show More

Get App

For Kotak Bank Customers

productCArd

Kotak Mobile Banking App
productCArd

Open Savings Account

For Kotak811 Customers

productCArd

Kotak811 Mobile Banking App
productCArd

Open Kotak811 Account
>
productCArd productCArd

Home

 productCArd productCArd

Learn

 productCArd productCArd

Help

 productCArd productCArd

Get App

  • What happens if I miss paying my premiums?

You must pay all your premiums within the premium due date. When the premium is not paid within the days of grace provided after the premium due date, the policy will move into lapse/ ACM / ANM/ Paid Up / Notice Period Mode. The grace period in case of yearly, halfyearly and quarterly modes of payment is 30 days and in case of the monthly mode of payment, it is 15 days. 
Useful Links
Was this information helpful?
Was this information helpful?