Lapsed LIC Insurance Policy Revival For our bad times, we all get LIC policy done for some or the other person in our house, but sometimes our policy gets closed due to non-payment of premium for the policy for a long time. In such a situation, either our money sinks or we get as much money as we can get from LIC (Life Insurance Corporation). But LIC is giving a chance to restart the closed policy, under which you can get your closed policy started once again by following certain conditions.
In view of the Corona epidemic, LIC has launched a special campaign. Lapsed policies can be revived under this campaign. That is, if any of your policy has been closed or you are not able to pay the premium in it, then you can get it started again. People whose LIC policy has been closed can get their closed LIC Insurance Policy restarted by fulfilling certain conditions. LIC has authorized 1526 satellite offices for this from where you can get these policies revived. For this, you will not even need to get any kind of medical test done.
Which LIC policy can be restarted?
How to Revive Lapsed LIC Insurance Policy Online: The policies that are being talked about to be revived under LIC include those policies which are within five years from the date of non-payment. That is, if you have not been paying the payment or premium of any policy for five years, then you can get your policy started again in the year 2021.
When can I get LIC policy revived?
LIC has offered to restart the closed policy, but it will not last for the whole year, so you must know that till when you can get your policy started again or you can get it revived. According to the information given by LIC, you can get your policy restarted in the year 2021 from January 7 to March 6. If you want to get revived after this, then LIC Policy will not revive.
You will get these benefits in getting LIC revived
In this special offer of LIC, you will not only get the benefit of getting LIC revived, but you will also get some other benefits.
Here you will also be given exemption in health needs on the basis of merit. Most LIC policies can be revived on the basis of better health. For this, they will also have to answer some questions related to Corona.
According to the new campaign of LIC, 20 percent or up to Rs. 2000 discount will be given in the late fee for policy revival.
Apart from this, policies whose premium is between Rs 1 lakh to Rs 30 lakh annually will get a discount of up to 25 percent on the policy.
– Under this campaign only those policies can be revived which have lapsed in the premium deposit term and their policy term has not been completed, for these the last date will be the revival date.
This campaign of LIC is very good, if any of your policy has been closed or has lapsed, then you can get it revived under this campaign. If you want to get it revived, then you should know its conditions very well, only then you can think about getting it revived.