How Reinstatement works?

[saisrisri]

Wanted to know - how reinstatement amount would be calculated for any policy if policy is
1) Reinstatement within 6 months of lapsed status
2) After 6 months of lapsed status and within 1 year
3) Or in the 3rd, 4th year after lapsed status

Premium Paying Mode = half yearly

1- How o/s premiums are taken for calculation?
2- How interest is calculated?
3- Total amount to be paid by Policy holder to change the policy status from lapsed to active.
4- How about the bonus accumulation during this lapsed status and whether it will be added for this period later after the policy is reinstated

Please explain this with example.

Thanks in advance
sai

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