The premium will be paid by Hemaraj for this policy without any refund premium ka. They will manage internal payment between HRD & HREIT so no need to issue credit note to refund premium to Hemaraj and no premium charge to SCB Asset. (easier for us, just issue endorsement to reduce sum insured and refund to HRD on such amount 1.9 MB & 12.5MB)
Last, please provide 1 original and 6 copied for us. (1 for SCB Asset, 1 for SCB Bank, 1 for HREIT , 1 for AON and 2 for co-insurers)