Nowadays life insurance is an essential factor for the employed and non-employed persons from public and private sector in rural and urban areas with respect to security for further dependent members in the family. Many advisors of insurance companies are working in rural and urban areas. They used different ideas for making the business. Most of the insurance companies launches the market based policies. The period of the policy is very less and totally depends on market risk. According to market position the policy values going to up and down. So there may be profit or loss. But after some period he/she is unable to pay insurance premium. Hence stopped his/her policy and consumer becomes a defaulter. The major causes are market risk and premium is unbearable. This paper studies the defaulters according to insurance premium.