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LIC provides another opportunity to revive lapsed policies
The Life Insurance Corporation of India (LIC) on Thursday launched a campaign to encourage individuals to continue their risk cover, amid the coronavirus pandemic, where lapsed policies can be revived. The insurance behemoth has launched a Special Revival Campaign starting from January 7 till March 6 for its customers to revive their lapsed individual policies subject to certain conditions.
It has also authorised its 1,526 satellite offices to revive policies where special medical tests are not required. Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions, LIC said in a statement.