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Commerce · Q263

Insurance

Graduate and Post Graduate · Commerce · question 263

Q263

The grace period for renewal beyond expiry date of a health insurance policy is

A.
10 days
B.
15 days
C.
30 days
Answer
D.
90 days

Answer: Option C

Solution

Answer: Option C
Solution:
The grace period for renewal beyond expiry date of a health insurance policy is 30 days. The policy will lapse if the premium is not paid within the grace period.