LIC GIVES A UNIQUE OPPORTUNITY FOR POLICYHOLDERS TO REVIVE THEIR LAPSED POLICIES

 16/08/2022 PANINDIA LIC brings a distinctive Special Revival Campaign from 17.08.2022 to 21.10.2022 for its 

customers to revive their individual lapsed LIC policies. 

This Special Revival Campaign is a unique drive as it extends to all non-ULIP Policies with 

very attractive concession in late fee. Under this Special Revival Campaign except ULIP 

policies, all policies can be revived within 5 years from date of the First Unpaid Premium 

subject to policy conditions

Total Receivable 

Premium % late fee concession Maximum Concession 

allowed 

Up to Rs.1,00,000 25% Rs.2500/-

From 1,00,001 to 3,00,000 25% Rs.3000/-

From 3,00,001 and above 30% Rs.3500/-

 

There is a 100% waiver of late fee for Micro Insurance Policies to facilitate affordable 

restoration of risk cover.

 There are no concessions in medical requirements.

Policies except ULIP Plans 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.

Life Insurance cover is a risk management, for contingent, unexpected loss of life. This 

campaign gives a rare opportunity for LIC’s valued policy holders to revive their lapsed 

policies and continue the benefit of insurance to protect the financial interests of their family.

Dated at Mumbai on the 16th August,2022

For further information, please contact –

Executive Director (Corporate Communications)

LIC of India, Central Office, Mumbai. Email id ed_cc@licindia.com

Visit us at https://www.licindia.i