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Girish
27-12-2010, 04:52 PM
I had surendered my LIC policy. I have had received the cheque with less amount, after deducting amount against gap premium. What is this gap premium or premium not paid?

v.r.s.nathan
27-12-2010, 07:15 PM
I had surendered my LIC policy. I have had received the cheque with less amount, after deducting amount against gap premium. What is this gap premium or premium not paid?I am not expert, but as mentioned in your query that it is the premium collection for the risk period, for which you haven't deposited the premium.

Matrix
28-12-2010, 03:41 PM
Girish - The maturity amount paid to you after deducting any premium pending premium (not paid by you).