To encourage continuation of Risk cover in the current circumstances of high risk, LIC brings an
excellent opportunity for its policyholders to revive their lapsed policies. It has decided to launch a
Special Revival Campaign from 10/8/2020 to 9/10/2020 for its customers to revive their individual
lapsed LIC policies.
In view of the prevailing circumstances, no concessions are being offered in medical requirements
and the same are limited to late fee only; under plans other than term assurance and other high risk
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 & conditions.
Concession in late fee for eligible policies
(High risk plans like Term Assurance, Health Insurance, Multiple risk policies, etc. are not eligible for the concession)
Total Receivable Premium % late fee concession
Maximum Concession allowed
Up to Rs.1,00,000 20% Rs. 1500
From 1,00,001 to 3,00,000 25% Rs. 2000
From 3,00,001 and above 30% Rs. 2500
Policies which are in lapsed condition during the premium paying term and not completed policy
term as on the date of revival are eligible to be revived in this campaign.
The campaign is launched to benefit those policy holders who were not able to pay premiums due to
unavoidable circumstances and their policy lapsed. It always makes better sense to revive an old
policy to restore insurance cover. LIC values its policyholders and their desire to continue their life
insurance cover. This campaign is a good opportunity for LIC’s policyholders to revive their policies
and restore life cover to ensure financial security for their family.
Dated at Mumbai on the 9th August, 2020
For further Information please contact: Executive Director (CC)
LIC of India, Central Office, Mumbai .Email id : email@example.com
Visit us at www.licindia.in
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