LIC Offers Special Discount to Revive Lapsed Policies: Don't Miss Out!

• LIC launches a special revival campaign from January 1st to March 2nd for lapsed individual life insurance policies.
• Policyholders can get up to 30% discount on late fees for non-linked individual policies, with a maximum discount of Rs 5000.
• Late fees for micro-insurance policies are completely waived, making risk cover accessible for low-income policyholders.
• The campaign applies to policies that lapsed during the premium payment period and whose full term has not expired.
• Reinstating an old policy often offers lower premiums and fewer exclusions compared to buying a new one, reactivating full life cover.

Why It Matters: LIC offers significant discounts and waivers to help policyholders revive lapsed policies, ensuring continued financial security.