Life Insurance Corporation of India (LIC) has launched a campaign for revival of individual lapsed policies. This special drive, to be carried out from August 17 to October 21, 2022, is extended to all non-Unit linked Insurance Plan (ULIP) policies with very attractive concession in late fee. All policies except ULIP can be revived within 5 years from date of the first unpaid premium subject to policy conditions. The campaign is launched to benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
