Insurance Made Simple
If you’re visiting this page, then good on you for trying to understand insurance better! We’ve highlighted common and useful insurance terms here and broke them down in plain English.

Grace Period

A period after the Premium Due Date during which premium payment may be made without interrupting the Period of Insurance.

Why it matters:

We understand that you are busy and have many bills to keep up with. That's why we have a 30 days grace period so that you can catch up on your payments if needed. In the meantime, we'll put on hold any claims payment until outstanding premiums are received.

Unfortunately, if premiums aren't paid beyond the grace period, we may terminate your policy.