Your plan lapses when you fail to pay your premium within the grace period. The policy then ceases to provide any coverage.

There are two ways in reinstating your policy:

• Pure Reinstatement
  In Pure Reinstatement, you need to pay all back premiums and interest charges.

• Redating
  In Redating, the policy date is moved to a more current date so only one modal premium needs to be paid.

Provided that:

• This will be done only once.
• Policy has not earned cash values.
• Policy has not been lapsed for more than 2 years.
  
• Any increase in premium has to be paid if change in effective date results to a higher age.

Pure Reinstatement

1. Request for Reinstatement Form duly signed by the policy owner/ insured if reinstatement is made within 90 days from the premium due date.

2. Statement of Insurability Form duly signed by the policy owner/ insured if reinstatement is made beyond 90 days from the premium due date.

3. Other medical examination or requirements deemed necessary by the Underwriting Department.

4. Payment of reinstatement cost consisting of :

• Unpaid Premiums
• Interest Charges on Unpaid Premium
  

Redating

1. Request for Reinstatement Form duly signed by the policy owner/ insured if reinstatement is made within 90 days from the premium due date.

2. Statement of Insurability Form duly signed by the policy owner/ insured if reinstatement is made beyond 90 days from the premium due date.

3. Other medical examination or requirements deemed necessary by the Underwriting Department.

4. Payment of reinstatement cost consisting of :

• Any increase in modal premium as a result of redating for all premiums made.
• The current modal premium due.
• Penalty Charges on the increase of premium (if any).
• Issuance Fee in view of the new policy contract.