After the end of the 60-day grace period, you can expect the following to happen if we do not receive your regular premium payment within the time periods below:
During the first 18 months of your policy, your policy will end. If there is any value in the accumulation units account, we will liquidate those units and pay the amount to you in your policy currency. If your policy ends because of missed regular premium payments, you can apply to reinstate it.
From the 19th month onwards of your policy, your policy will continue. We will continue to deduct the applicable charges and fees. If your policy value drops below S$1 (or equivalent in your policy currency), your policy will lapse. Please note that we reserve the right to impose a charge if your regular premium has not been paid continuously for 24 months during the premium payment term. If your policy ends because it has insufficient policy value, you can apply to reinstate it.