Abstract
The human experience is replete with many hazards and uncertainties. One effective approach to mitigating the impact of these risks and losses is to get insurance coverage. Insurance plays a significant role within the financial sector of the Indian economy. Life insurance has emerged as an essential component of the human existence. As it is the essential all the earning people are approached to buy the policy, but as life transforms so many factors are influencing them to not to pay the premium and that leads to lapsation. If the rate of lapsation is huge its impact on financial health of the company. The present study is aimed at causes of lapsation from the policy holder perspective and collected data from the selected sample of policy holders in the Vijayawada city, Andhra Pradesh. The collected sample is analysed with statistical tools for drafting the conclusions and meaningful suggestions.
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