POSTED BY May 14, 2012 10:02 am COMMENTS (2)ON
Let’s assume one person applied for online term insurance on 10th January 2012 and at that time only he paid full annual premium. Then the entire process like medical tests, submitting docs etc took 1.5 months. So my understanding is the policy will be in force from 25th Feb 2012
This is term insurance. So my questions is when will be the next premium due-date ? I guess it will be ~25th Feb 2013. Can you please confirm/correct me.