What is the meaning of Deferment Period?
1
Periods are equivalent to a deductible; they consist of the time which must always pass after a case of claim before a benefit is paid out
2
The number of days for which benefits are paid to the named insured and his or her dependents
3
The time - usually 31 days - during which a policy remains in force after the premium is due but not paid.
4
The time which must pass after filing a claim before policyholder can collect insurance benefits
5
Period between the subscription date of an insurance-cum-pension policy and the time at which the first installment of pension is received.