Life Insurance Corporation of India has come up with a special offer for its policy holders. LIC has started a special revival campaign to restart the closed policies. This campaign will be run from 18 August 2025 to 17 October 2025. Life Insurance Corporation of India (LIC) is offering policyholders a golden opportunity to revive their lapsed or closed policies through a special revival campaign. This initiative allows customers to restore the valuable protection and benefits of their life insurance plans that may have been discontinued due to non-payment of premiums. By reviving these policies, policyholders can once again secure financial protection for their loved ones, enjoy long-term savings, and continue reaping the associated bonuses and benefits. LIC’s revival campaign not only ensures peace of mind but also provides flexible terms and concessions to make it easier for customers to reinstate their coverage. This is a limited-time chance for policyholders to safeguard their financial future without the need to purchase a new policy at higher costs.
Concession for late Fee is as Table:-
| Total receivable Premium | % Late Fee Concession | Maximum Concession allowed |
|---|---|---|
| Up to Rs 1,00,000 | 30% | Rs 3000 |
| From 1,00,001 to 3,00,000 | 30% | Rs 4000 |
| From 3,00,001 and above | 30% | Rs 5000 |
| Micro insurance Plans | 100% | Full |
For more information contact Nearest LIC branch.