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Steps to be taken in case your insurance policy expires
Posted on: 28/Oct/2017 2:32:25 PM
Your insurance coverage policy, is, by no chance, a luxury! In fact, it is one of the basic necessities. This is a life shield for you. Naturally, we should be far more vigilant on matters related to this insurance policy.
However, it so happens several times, that the insurance coverage expires without out notice.
In case you fail to pay the dues within the grace period allowed after the expiry, your policy will be rendered invalid. In case the holder of this expired insurance policy dies, his/her nominee will not be entitled to the benefits of the policy.
There is nothing better than a term-policy scheme when considering the future financial safety of your near and dear. The term policy is the best one that offers the guarantee for the maximum benefit at a lower cost and a safer measure.
All of us can benefit by selecting the right insurance policy scheme with lower yearly premium and regular basic physical checkups. With this selection, we can create a ‘safety shield’ for all our near and dear for their future.
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