No payment: there is a grace period of 60 days from the effective date, and a recovery period of two years after the grace period. The contract is still valid within the grace period. After the grace period, the contract is invalid (no matter what happens) and there is no dividend. In the next two years, users can go through the formalities of reinstatement (paying the previous premium) at any time, and the contract will take effect again. However, to recalculate the waiting period, it is possible to have a physical examination. Those who fail to pass the underwriting will not be restored. If you can't be reinstated after 2 years, you can surrender at any time (you can also surrender within 2 years). A 2-year recovery period is the right of users. An insurance expert once said: The most unfortunate thing is not that you didn't buy insurance (that's called risk retention), but that you bought insurance and it failed, and it hasn't come back (something happened). Is this insured or not?