Insurance coverage behemoth Life Insurance coverage Company of India (LIC) on Friday introduced the launch of a two-month-long marketing campaign for the revival of particular person lapsed insurance policies.
This particular drive, to be carried out from Jan. 1 to March 2, 2026, is prolonged to all non-linked insurance policies with a really engaging concession in late charge.
Concession is being provided in late charge for all non-linked insurance coverage as much as 30%
of the late charge, as much as a most quantity of Rs 5,000, if eligible for revival, LIC stated in an announcement.
There’s a 100% waiver of late charge for micro insurance coverage insurance policies to facilitate inexpensive restoration of danger cowl, it stated.
Insurance policies that are in a lapsed situation through the premium-paying time period and never accomplished coverage time period are eligible to be revived on this marketing campaign, it stated.
There are not any concessions on medical/well being necessities, it stated.
The marketing campaign is launched for the good thing about policyholders who weren’t in a position to pay premiums on time as a result of any unfavourable circumstances, it stated.
Insurance policies have to be saved in pressure to get full insurance coverage advantages, it stated.
“It’s at all times advisable to revive an previous coverage and restore insurance coverage cowl. LIC values its policyholders and their want to remain protected for the well-being of their relations,” it stated.
