You call customer service of the insurance company and ask. But if the policy is cancelled, it is very likely there is no value to it.
Simple. You just buy a new policy.
If thee policy has already lapsed, there is no active policy to cancel. It means that it is already cancelled.
Government and the public review the policy and decide if it should be continued, altered, or cancelled.
If you don't pay the premium the policy will be cancelled.If you don't pay the premium the policy will be cancelled.If you don't pay the premium the policy will be cancelled.If you don't pay the premium the policy will be cancelled.
in order for a cancellation to be valid a written notice should be handed to the insurer by the policy holder, so ask them for a written proof of cancellation with your grandma's signature on it. if you have access to her bank statements check when the last premium was paid that's if premiums were deducted from her banking account. if they fail to provide solid proof that your grandma cancelled her policy, you can ask the insurance ombudsman to investigate. good luck
Formula to Find the Equity
I would need to know why the policy was cancelled back to inception. Sometimes this is called "flat" cancellation and it is extremely rare. Could you tell me why the insurer cancelled back to inception?
No
In Short - NO. However it is entirly depands on the individual policy contract. as a thumb rule - cancelled life insurance policy is not reinstatable. Regards, Tarun Bansal Life Insurance Advisor LIC of India - Delhi http://www.savingwala.com
providing welfare benefits
Yes,, Any driver who does not meet the insurers underwriting guidelines can result in the entire policy being cancelled.
Insurance Grace PeriodNo, any grace period would have passed before the policy went to cancelled status. Once the policy is cancelled that means any grace period that may have been afforded will have expired. If you were still within any regulatory grace period then your policy will not be in cancelled status, it would be in cancellation pending status.They are not legally obligated, most carriers do give you a time to re-instate however