Life Insurance Corporation of India (LIC) has launched a campaign for revival of individual lapsed policies. The campaign has begun from February 7 and will continue till March 25, 2022, an LIC press release has said. “While the current Covid-19 pandemic scenario has emphasised the need for mortality protection, this campaign is a good opportunity for LIC’s policyholders to revive their policies, restore life cover and ensure financial security for their family,” the state-run insurer said in the release.
Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign.
Concession in late fee for eligible LIC policies: