Tell me what happens if you fail to make required premium payments? : insurance sales



Tell me what happens if you fail to make required premium payments? : insurance sales..

Answer / Sonika Kumari

If required premium payments are not made, an insurance policy may lapse or be cancelled. This means that the policyholder will no longer have coverage and may face financial consequences (such as owing back premiums) if a claim occurs during the lapsed period.

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