What happens if I miss a premium payment?

If you miss a premium payment for your AXA Insurance policy, there are a few potential outcomes. Initially, you will typically receive a grace period during which you can still make the payment without any repercussions. However, if you fail to make the payment within the grace period, your policy might be in danger of being canceled or suspended. It is important to note that the specific consequences can vary depending on the policy type and terms agreed upon. Furthermore, a missed payment may result in the loss of coverage and potential claims denial until the payment is made. To avoid any issues, it is crucial to promptly communicate with AXA Insurance and make the missed payment as soon as possible.