The premiums are paid monthly, quarterly, semi-annually, annually or in single payment in accordance with the agreement made in the insurance contract. The premiums shall be calculated in accordance with the premium rate chart and paid by the applicant term-by-term or paid-up in accordance with the paid-up rate table.
The premium after the second term shall be paid through bank transfers in accordance with the contract. After the premium is paid, the applicant may ask for a receipt.

In the event that an applicant cannot make a premium payment within the grace period granted in accordance with the stipulation of paragraph 1 of Article 13 of this Act due to force majeure, the insurer may extend the grace period to within ten days after the reasons accounting for the force majeure have disappeared.

In the case that a single applicant has purchased more than two insurance contracts, the applicant may fill out a contract change form and designate that premiums be combined and paid on the same date.

When applying to move insurance to another insurance handling branch or applying to change the address, date of payment, payment method, payment schedule, or the account making the bank draft, the applicant shall notify the insurer.

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