How Reinstatement works?

[saisrisri]

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/-

[Expert]

Please post the complete chapter from your course about reinstatement then I would be able to answer your query in detail.

[saisrisri]

In our syllabus book, we were given only definition of Reinstatement, purpose , when it comes into picture like on policy lapsation. But in our previous question papers we have questions on real time scenarios. Similar to the example what i have asked earlier with some calculations. That is the reason why i am posting my doubts. It would be grateful to you if u could explain in detail. Thanks for ur earlier replies.