Life Insurance Corporation (LIC) of India is offering an opportunity for its policyholders to revive their lapsed policies. The insurance behemoth has issued a detailed press release in this regard. Here are top things LIC policyholders must know in order to revive the lapse LIC policy:-

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Special Revival Campaign by LIC

- To provide continued Risk Cover in these challenging times, LIC brings a valuable opportunity for the second time in the current financial year for revival of lapsed policies, insurance behemoth said.

Special Revival Campaign by LIC: Dates 

- A Special Revival Campaign is being launched from 7th February, 2022 to 25th March, 2022 for individual lapsed policies.

Special Revival Campaign by LIC: Concession in late fee

-In view of the prevailing circumstances, concessions are being offered in late fee for other than Term Assurance and High Risk Plans, depending on the total premiums paid.

- There are no concessions on medical requirements. 

-Eligible Health and Micro Insurance plans also qualify for the concession in late fee.

- Under this Special Revival Campaign, Policies of specific eligible plans can be revived within 5 years from date of the First Unpaid Premium subject to certain terms and conditions

www.licindia.in or contact any LIC branch.