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Thread: Interest on Reinstatement

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  1. #1
    PolicyWala NewBie
    Join Date
    Jun 2011
    Location
    Mumbai
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    3

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    That was not helpful to me. I want to know how is the interest amount to be charged to the policy holder calculated on the premium amount if the interest is compounded half yearly for the scenarios I have posted.

  2. #2
    PolicyWala Fan
    Join Date
    Apr 2009
    Location
    Shimla
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    54

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    Quote Originally Posted by ak76 View Post
    That was not helpful to me. I want to know how is the interest amount to be charged to the policy holder calculated on the premium amount if the interest is compounded half yearly for the scenarios I have posted.
    Every policy has it's own set of conditions on which it can be revived and same is mentioned in the term and conditions or clauses of the policy. So be specific and in details in your query.

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