Page 1 of 3GLA-01114NY 7/08 COBRA GUIDELINES HOW DOES AN EMPLOYEE APPLY FOR COBRA?â¢ The Employee needs to complete the Dental COBRA Election Form (GLA-01359*) within 60 days of the date of terminationor qualifying event.
Straight life. A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as whole life insurance or cash value insurance.
Lapsed Policy A policy which is no longer in force due to non-payment of the premium due. Every time, before your premium due date, ICICI Prudential will send you a premium reminder with the premium amount and due date. If the policy have been lapsed less than six months, it can be revived by paying the premium along with the applicable interest charges. 2  If the policy have been lapsed for more than six months, the life assured would once again have to go through medical tests.