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LIC allows for policyholders to revive their lapsed policies

To encourage continuation of risk cover in the current circumstances of corona pandemic and high risk, LIC brings an excellent opportunity for its policyholders to revive their lapsed policies

LIC allows for policyholders to revive their lapsed policies

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  12 Jan 2021 5:03 AM GMT

GUWAHATI: To encourage continuation of risk cover in the current circumstances of corona pandemic and high risk, LIC brings an excellent opportunity for its policyholders to revive their lapsed policies. It has decided to launch a Special Revival Campaign from January 7 to March 6 for its customers to revive their individual lapsed LIC policies. It has also authorised its 1526 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 5 years from date of the First Unpaid Premium subject to terms & conditions. Certain concession in health requirements is also being offered subject to eligibility. Most policies can be revived only on the basis of a Declaration of Good Health and a COVID questionnaire to be submitted by the proposer/life assured, stated a press release.

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