In-force Policy


The policy under which the life insured pays all the due premiums is called in-force policy.


If the life insured consistently pays all the premium instalment without leaving any outstanding premium, it is called in-force policy. A life insured can avail the benefits only when the policy is in-force.

The cover applies to the policyholder only if the policy is in-force. Depending on the policy type, the in-force time may vary. If the life insured forgets to pay the premium, the policy lapses and no benefits will be paid.


Shrea took a term plan with a policy term of 30 years when she was 21 years old. She chose the premium payment frequency as yearly. In the 20th policy year, Shrea died due to an accident. The claim was paid as the policy was in-force and all the due premiums were paid.