LIC : Revival of policies lapsed in the last 5 years
Revival of Lapsed Policies
If your policy has lapsed due to non-payment of premiums
within the due date, the terms and conditions of the policy contract are
rendered void, till you revive your policy.
A lapsed policy has to be revived by payment of the accumulated
premiums with interest as well as giving the health requirements as required.
Always keep your
policy in force to ensure that your family gets their financial protection
assured by your policy.
However certain concessions dependent on the term for which
you have paid the premiums are available with the exception of some plans for
claims concession.
Avail special discounts on late fees by taking advantage of
the revival camp by LIC.
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