LIC Offers Golden Chance: Revive Lapsed Policies with Fee Waivers!
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News18•21-01-2026, 22:35
LIC Offers Golden Chance: Revive Lapsed Policies with Fee Waivers!
- •LIC launches a special campaign allowing policyholders to reactivate lapsed non-linked and micro-insurance policies until March 2, 2026.
- •The scheme targets those who couldn't pay premiums due to financial or personal issues, offering a second chance to regain coverage.
- •Policyholders can get up to 30% waiver on late fees for non-linked policies, capped at Rs. 5,000.
- •Micro-insurance policyholders receive a 100% waiver on late fees, enabling revival without additional charges.
- •Revival is subject to meeting all policy conditions, within five years of the first unpaid premium, and mandatory medical checks if required.
Why It Matters: LIC's revival campaign offers significant late fee waivers, helping policyholders restore financial security.
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