Common use of Premium Discontinuance Clause in Contracts

Premium Discontinuance. If you are unable to pay the installment premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) during which time all benefits under the policy will continue.

Appears in 2 contracts

Samples: General, General

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Premium Discontinuance. If you are unable to pay the installment premium Installment Premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) to make the payment of due installment premium during which time all benefits under the policy will continue.

Appears in 2 contracts

Samples: General, General

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