Doubts:
a) How is the late fee arrived. Is it some % / slab rate of each mode. please elaborate.
b) Premium arrears are calculated for 3 dues i.e. feb 2004, aug 2004 and feb 2005 = 8550/- but later after adding late fee, one instalment is deducted i.e. 9252/- minus -2850-/. why? is it not required for policyholder to pay all dues
c) after all o/s dues are paid till feb 2007, does premium comes back to normal amount i.e. 2850/- rather than 4544/-