https://www.taxtmi.com/acts?id=54869 Every insurance contract must specify the mode and schedule of premium payment, any grace period and consequences of non-payment, conditions for revival of a lapsed policy, and the date on which risk commences. It must also identify the date of risk termination on unpaid or unrealised premium, considering the line of business and policy duration, include any agreed Premium Payment Warranty clause, and contain further information specified by the Authority. en-us Thu, 10 Sep 2026 12:21:17 +0530 Thu, 10 Sep 2026 12:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54869 Every insurance contract must specify the mode and schedule of premium payment, any grace period and consequences of non-payment, conditions for revival of a lapsed policy, and the date on which risk commences. It must also identify the date of risk termination on unpaid or unrealised premium, considering the line of business and policy duration, include any agreed Premium Payment Warranty clause, and contain further information specified by the Authority. Act-Rules Indian Laws Thu, 10 Sep 2026 12:21:17 +0530 https://www.taxtmi.com/acts?id=54869