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The Economic Times
The Economic Times
Business
Anshika Jain

Missed your term insurance premium? Here's what happens to your policy, claim, and life cover

Missing a term insurance premium can happen to anyone, whether it’s because of a financial crunch, a hectic schedule, or just forgetting the due date. But does one missed payment mean your family's financial protection is gone altogether? Not necessarily. Here's what happens after you miss a term insurance premium and the options available to keep your policy active.

What happens if you miss a term insurance premium payment?

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