Payment of* Premium:(P.O.P)
Premiums area unit due yearly earlier on to state life.Advance payments of half-yearly, quarterly and monthly premiums be accepted as installments of the yearly premiums.If the life insured dies,then the unpaid installments* for that *policy year*:(I.F.P.Y) (if any)will be subtracted from no matter quantity is otherwise due by state life.Receipts for premiums area unitvalid providing issued on forms prescribed by state life and signed by its punctually approved officers.The actual date of receipt of the premium by state life are going to be taken as date of payment of any premium.
Premiums area unit due yearly earlier on to state life.Advance payments of half-yearly, quarterly and monthly premiums be accepted as installments of the yearly premiums.If the life insured dies,then the unpaid installments* for that *policy year*:(I.F.P.Y) (if any)will be subtracted from no matter quantity is otherwise due by state life.Receipts for premiums area unitvalid providing issued on forms prescribed by state life and signed by its punctually approved officers.The actual date of receipt of the premium by state life are going to be taken as date of payment of any premium.
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