New Delhi, May 22 -- Life insurance is designed to provide financial protection to a policyholder's family or dependents if the person passes away during the policy term. In exchange for this coverage, policyholders has to pay a premium either as a one-time payment at the start of the policy, regularly throughout the policy tenure, or for a limited term, though it depends on the terms of the policy.

For the regular premium payment policies, an individual can pay the amount monthly, quarterly, semi-annually or annually, as per the insurer's conditions.

Since, most life insurance policies are linked to regular premium payments, maintaining continuity becomes important for keeping the coverage active and preserving associated benefits. How...