Examples of Revival Period in a sentence
Revival Period: For instalment premium policies, the revival period shall be 15 days.
Your Policy will terminate upon the occurrence of any of the following events: • the date of payment of the Surrender Value; or • the date of settlement of Death Benefit; or • the end of the Benefit Payout Period; or • the date on which the Revival Period ends if the Lapsed Policy has not been revived; or • the date on which the outstanding loan amount exceeds the Surrender Value in case of Reduced Paid Up (RPU) policies; or • the date of payment of free look cancellation amount.
Revival Period: Instalment (less than annual) premium policies may be revived by mutual consent and in such event the Revival premium should be paid to Us within 15 days of the installment due date.