Quote Originally Posted by gokulr View Post
How the pro-rata premium will be calculated?
Example:
Cover on a policy or item start on 20 June. The monthly premium for the item/policy is Rs 500. The pro rata premium for June is calculated as follows:

Rs 500 divided by 30 (days in the month) and multiplied by 11 (remaining days in June). The pro rata premium would be Rs 183.33.

So I have to start from scratch for NCB.
Yes, I am afraid no choice.