Q141
As per IRDA regulations issued, what is the grace period allowed beyond the expiry date of a policy for renewal?
A.
10 days
B.
30 days
AnswerC.
45 days
D.
60 days
Answer: Option B
Solution
Answer: Option B
Solution:
As per IRDA regulations issued, 30 days is the grace period allowed beyond the expiry date of a policy for renewal. The policy will lapse if the premium is not paid within the grace period.