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https://www.nivabupa.com/health-insurance-articles/health-insurance-grace-period-html.html Paying premiums on time is the basic prerequisite for availing of the benefits of healthcare insurance. This blog discussed the various facets of a health insurance grace period and how it depends on the health insurance companies' duration, benefits, and penalties during the grace period. A stitch in time saves nine, holds true and hence makes sure you renew your policy and pay your premiums at the right time.