Kotak Ace Investment – Product Specifications-kotak-life-ace-investment-plan-2

Kotak Ace Investment – Policy Details Grace Period: The insurance company provides a grace period from the due date for payment of unpaid insurance premiums. This period is 30 days for annual, semi-annual and quarterly modes and 15 days for the monthly mode. Notice Period: If the insurance premium is not paid within the grace period, the insurance company sends a notice to the policyholder in the next 15 days to either revive the policy within 2 years, terminate the policy without any risk cover or convert the policy into paid-up with reduced paid-up Basic Sum Assured. The notice period ends 30 days after the receipt of notice by the policyholder.