Letter

letter written on behalf of customer for not paying the preimum this month and adding up the premiun amount in the next month to the insurance company.

Asked by kruti2 on 13 Nov 09:49

Last updated by anonymous on 20 Jan 10:44

1 Answers

Answered by sirchris41 on 20 Jan 10:44

Cumulative premium payment is allowed but for specified number of months by various insurance companies for their clients.so find out what obtains in your company before you act?Otherwise non payment of premium could be considered a breach of contract especailly when you fail to notify the insurance company about your intentions to delay or carry forward the premium payment in subsequent month..