After the first payment is made, the grace period for an accident and health policy is

After the first payment is made, the grace period for an accident and health policy is

• A. 15 days
• B. 30 days
• C. 45 days
• D. 60 days

Answer: (B)

A grace period is the time after a premium due date during which a policy remains in force even if the payment hasn’t been received. For accident and health policies, this grace period is 30 days. This gives the insured a full month to submit the premium without losing coverage, which is a standard, practical window in health insurance practice. If the premium isn’t paid by the end of that period, the policy typically lapses and coverage ends until a payment (and any reinstatement, if allowed) is made.

A grace period is the time after a premium due date during which a policy remains in force even if the payment hasn’t been received. For accident and health policies, this grace period is 30 days. This gives the insured a full month to submit the premium without losing coverage, which is a standard, practical window in health insurance practice. If the premium isn’t paid by the end of that period, the policy typically lapses and coverage ends until a payment (and any reinstatement, if allowed) is made.