Health on Monthly Mode

The debit for premium failed for my bank account even though there was adequate balance in my account. What will happen to my policy?

In case there is a failure in deducting your premium on the due date, ICICI securities will continue to try deductions for next 14 days. As per IRDAI, every policy holder is given 15 days grace period to complete / make payment of the due premium. Policy will get cancelled if premium is not collected within the grace period and premium paid will not be refunded.