172@29@16@22!~!172@29@0@53!~!|glossary|insurance|lapse_259.html!~!www|moneycontrol|com!~!|mccode|glossary|glossary_question.php!~!is_mobile=false
Moneycontrol
YOU ARE HERE > Moneycontrol > Insurance > Glossary

Insurance

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Specials

Termination of a policy upon the policy owner's failure to pay the premium within the grace period. If there are nonforfeiture values, the policy lapses but may remain effective reduced paid-up insurance.

FAQs:
Sections