According to the relevant regulations, if the insurance premium is not paid for a long time, there will be a late payment fee after more than 6 months. The calculation method of the late payment fee for endowment insurance is: the total payment multiplied by the number of days in arrears multiplied by 2%. The upper limit of the late payment fee is 40% of the principal, and the maximum amount cannot exceed 8,000 yuan. More than 8000 yuan will be charged.