Question

For Quarterly mode of payment days of grace is
20 days
25 days
15 days
30 days

Answer 1

Answer:

30 Days

Explanation:

For all life insurance policies other than term insurance, for monthly mode of payment, the grace period is usually 15 days, while for other frequency of payments (quarterly, half-yearly or yearly) it is usually one month but not less than 30 days (This means that in case of February generally 30 days grace is still )