Policy premium

I%20have%20paid%20my%20insurance%20premium%20during%20grace%20period.%20Will%20it%20affect%20risk%20cover%3F

I have paid my insurance premium during grace period. Will it affect risk cover?

Is%20there%20any%20provision%20to%20penalise%20the%20agent%20who%20does%20not%20collect%20the%20premium%3F

Is there any provision to penalise the agent who does not collect the premium?