As per IRDA regulations issued, what is the grace period allowed beyond the expiry date of a policy for renewal?

The correct answer is: B. 30 days

As per IRDA regulations issued, a grace period of 30 days is allowed beyond the expiry date of a policy for renewal. This means that if you renew your policy within 30 days of the expiry date, your policy will continue to be in force. However, if you do not renew your policy within 30 days, your policy will lapse and you will have to start a new policy from scratch.

Here is a brief explanation of each option:

• Option A: 10 days.
  Join Our Telegram Channel
  11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube