LIC Of India has Introduced A Special Revival Campaign for Revival of Lapsed Policies
A Special Revival Campaign for Revival of lapsed policies from 07th January 2021 to 06th March 2021.
LIC Of India has provided an offer for lapsed policies. Due to COVID 19 scenario, concession in late fee is given to all eligible policies which were revived by availing late fee concession in earlier revival campaigns subject to eligibility conditions stated below.
The terms and conditions of the Revival Campaign s as below:
1) Eligible Policies
* Only Non-ULIP Policies can be revived within 5 years from FUP and within the policy term. This includes policies where the premium paying term and policy term are different.
* Policies which are in lapsed condition ( after expiry of Days of Grace) as on date of revival under all type of plans are eligible for revival, except Plans 88,89,94,104, 105, 111, 133, 150, 153, 164, 165, 177, 190, 805, 806, 822, 823, 825, 854, 855 Micro Insurance, Health insurance & discontinued ULIP Plans as per policy conditions.
* Policies issued through all distribution channels are eligible.
2) Concession in a late fee