State Life ki shuru ki 2 qist time per jama karwana lazmi hai || Grace Period State Life Policy

Grace Period The policyholders can pay to State Life any premium within a grace period of 31 days after it falls due. If the Life Insured dies during the grace period, before the due premium is received by State Life, then the due premium will be treated as received, but it will be deducted from whatever amount is otherwise payable by State Life. If the grace period expires before due premium is received by State Life, the Policy will lapse unless it is kept inforce under the “Automatic Non-forfeiture” clause of the Policy. The lapse date will be taken as the due date of the premium in default. No. claim whatsoever shall lie against State Life, under a lapsed policy. Mr. Ayaz (State Life Insurance Adviser) Whatsapp No. 0313-2618209