Overdue insurance mainly refers to long-term insurance. Generally speaking, short-term insurance means that not paying the premium on time is equivalent to not taking insurance, so there is no such thing as failure.

Long-term insurance will enter a grace period of 60 days after the stipulated premium payment time, during which the policy will continue to take effect and the policy will enter a suspension period after 60 days. The policy will be temporarily invalid and will not be paid after 2 years. Commercial insurance usually provides a grace period of 60 days. If the overdue time is within 60 days, the insured will go out of danger, which generally does not affect the insurance company's claims. However, during the suspension period, if the insured is in danger, the policy will be reinstated within two years from the date of temporary expiration of the policy, and the applicant will pay the unpaid premium and interest to apply for reinstatement.