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?
Printable View
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.Quote:
Originally Posted by Girish
Girish - The maturity amount paid to you after deducting any premium pending premium (not paid by you).