Beshak Insurance dictionary

search icon
Premium Payment Frequency or Mode of payment
Term Life Insurance

It is like an annual vs monthly subscription. Premiums in Insurance policies can be paid at various intervals, like Annual, Monthly, Semi-Annual, Quarterly.

In all premium payment frequencies, and especially in shorter ones like monthly or quarterly, it makes huge sense to issue standing instructions for auto-debit to your bank or credit card company. This allows the coverage to remain intact and without any breaks.

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2022 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to now 🙂