What happens if I miss paying my premiums?

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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.

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