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GOOD NEWS FOR LIC POLICYHOLDERS: Revive your lapsed polices before March 25, Know how

LIC has once again brought out its Special Revival Campaign to revive lapsed policies of customers. This campaign is active from 7th February and the last date is 25th March 2022.

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

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Under this campaign, certain plans can be revived within 5 years from the date of the 1st Unpaid Premium. LIC is offering concessions other than Term Assurance and High-Risk Plans depending on the total premiums paid. However, there are no concessions on medical needs.

Here is the list of concessions provided by LIC:

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High-risk plans like Term Assurance and Multiple Risk Policies are not a part of this campaign. Policies that lapsed during the premium paying term and couldn’t complete its term are eligible for revival.

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With this plan, customers will be able to revive their policy and get back the money they spent on it.

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