Grace period in health insurance provide a facility for the policyholder to remain in effect even if the premium is not paid. The period typically lasts for 15-30 Days from the due date. During this time, the policyholder has the opportunity to catch up on their payments and keep their coverage.
The policy remains in effect during the grace period, but claims made during the period when the premium is not paid are denied.
It's necessary to know about your health insurance policy, the length of the grace period, and the consequences of missing payments. By staying informed and making payments on time, you can ensure that you have the coverage you need when you need it.
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