My credit card linked to auto-payment is expired. I'm still waiting for the new card. Will my policy be cancelled if I fail to pay on the payment due date?

Updated 06 December 2022 05:04

The answer is No.

Please rest assured that there is a grace period of 31 days after the premium due date for payment of each premium. This Plan will continue to be in effect during the grace period, but no benefits shall be payable unless the premium is paid.

If the premium is still unpaid in full at the expiration of the grace period, the policy shall be terminated immediately on the date on which the unpaid premium is first due.