What is gap premium or premium not paid?

[Girish]

I had surendered my LIC policy. I have had received the cheque with less amount, after deducting amount against gap premium. What is this gap premium or premium not paid?

[v.r.s.nathan]

I had surendered my LIC policy. I have had received the cheque with less amount, after deducting amount against gap premium. What is this gap premium or premium not paid?I am not expert, but as mentioned in your query that it is the premium collection for the risk period, for which you haven't deposited the premium.

[Matrix]

Girish - The maturity amount paid to you after deducting any premium pending premium (not paid by you).