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Single Premium Policy

A life insurance policy for people who want to buy a policy for a one-time lump sum payment and then be covered for the specified term or for life, as per the insurance contract, without paying any additional premiums.

News On Single Premium Policy
Has your insurance policy lapsed? Here's what you should do

24-10-2017| Source:Moneycontrol.com

If the grace period is over and no premium has been paid to make it active again, the policy will lapse and the beneficiaries will not get any sum assured after the death of the policyholder.

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