Grace Period

Grace Period

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Sometimes we forget to renew our health insurance. So it lapses. Right? But that doesn’t mean you should lose all the benefits of your policy. There’s a grace period of thirty days in which you can renew the policy with all your continuity benefits intact. But don’t forget, the coverage is suspended; so if any medical condition develops during this period, you won't have insurance. So basically, don’t let your policy lapse.