All the Insurance Company will agree that there still a major number of indians who are yet to be covered under the Insurance policies. the negative outlook of customers towards the insurance companies is the uncertainty to receive their premium back in case of discontinuance of the policy due the any unavoidable circumstance. even if they are able to get the money back it is very less proportion of the actual premium paid. it is worthwhile to mention that Insurance companies are earning interest on the premium amount. thus the customers may be allowed to take the refund of their premium if for any any reason they are not able to continue the policy till the maturity period. it will encourage many persons to take the policies without fear.