Learn about the mode of premium payment in general insurance, including the various frequencies available such as annually, monthly, and quarterly.
Learn what a policy lapse is in general insurance terms, which occurs due to non-payment of the premium due. Discover the implications and how to avoid lapses.
Understand the mechanics of a Postdated Check Plan in life insurance, where premiums are paid via postdated checks. Explore how these plans work and their benefits.
Learn about the concept of renewal in general insurance terms, which refers to the continuation of an in-force policy status through the payment of a premium.
