If I pay the Premium for 1 year only in Regular ULIP Plan, and due to some financial problem I am Unable to pa?



ULIP 10(10D) new guidelines

2 Replies to “If I pay the Premium for 1 year only in Regular ULIP Plan, and due to some financial problem I am Unable to pa?”

  1. Hi,

    In case you fail to pay up your premium, the company gives you a grace period for you to pay up your premium for that period. Normally this grace period is for 15 – 30 days depending on the company policy. In the failure to pay up even after the grace period, the policy gets lapsed. However in case of a ULIP like the new Future Generali plan ‘Select Investment Plan’, the policy can be revived after it has lapsed. This may not be possible in the case of other ULIPs

    Hope this helps !


  2. hi generely, ulips are lapsed after 30 days grace period, but u can able to re activate it with in two years of last unpaid premium date by paying all the balance dues of updates.in some policies u can able to get the fund value of first year premium deducting any charges their





Leave a Reply

Your email address will not be published. Required fields are marked *