Tag: Lapsed

You have at least 2 years to revive a lapsed policy

Loknath Das

Let us say you miss paying the premium on your life insurance policy, and as a result, your policy has lapsed. For people who may find themselves in situations like this, life insurance companies offer a small window of opportunity to revive the policy during the revival period. The rules state that insurers need to offer a revival period of at least 2 years within which you can reinstate your policy. Here is how you can revive a lapsed life insurance policy. When do insurance policies lapse? A policy lapses…

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How to Deal with a Lapsed Car Insurance Policy?

admin

You just realised your car insurance policy lapsed a few days ago. I understand you were not well, you had a breakup or your dog was not well, youwere engrossed in your work or you were just lazy, the reasons could be plenty but the reality is that now you’re in trouble.  Your car insurance is an annual contract that you need to renew to keep it active. Your policy document clearly states the time and date from which your cover becomes effective and the date and time when it…

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