The grace period of HDFC Ergo, a health insurance service provider, is the period of time following the due date of your policy premium, during which you are eligible to pay the premium without any lapse in coverage. During the grace period, you can make the payment without any fines or late fees. Generally, life and health insurance plans by HDFC Ergo have a grace period of around 15 days. This means, you have up to 15 days to make the premium payment, before the coverage is considered cessated.
It is important to note that, HDFC Ergo or any other insurance provider doesn't provide a free-look period. Therefore, if you have already paid the premium, but decide to cancel the policy within the grace period, you won't receive a refund. Similarly, choosing to wait until the end of the grace period will also cause the policy to lapse if you miss the payment.
Make sure to always tries your best to make the premium payment instantly, as soon as you receive the due date notification. Doing so will secure your coverage and help you avoid unnecessary penalties or lapses in coverage.