LIC Policy: If you also have LIC policy then this is important news for you. Customers are getting a chance to revive their lapsed policy.
LIC Policy: If you also have LIC policy then this is important news for you. Life Insurance Corporation of India has brought a special opportunity for the customers, in which customers are getting a chance to revive their lapsed policy. A special revival campaign is being run by LIC.
LIC’s tweet
LIC has also given information to the customers about this by tweeting. LIC has written in the tweet that you have only 5 days left. Last 5 days are left to revive your lapse policy in LIC’s special revival campaign. You can get your lapsed policy revived till the 25th.
Last 5 Days Left to Revive your Lapsed Policies in LIC’s Special Revival Campaign. pic.twitter.com/wu7Uu8AHk9
— LIC India Forever (@LICIndiaForever) March 21, 2022
There is a chance till March 25,
LIC has told that you can revive the policy which has lapsed during the premium paying period between February 7, 2022 to March 25, 2022.
Reactivate Policy
The insurance company said, “The COVID-19 pandemic has emphasized the need for insurance cover and this campaign is a good opportunity for LIC policyholders to reactivate their policies.”
Fee waiver will also be
available LIC said that the fee waiver is also being given on reactivation of a lapsed policy. However, this exemption will not be available on term plans and high risk insurance plans.
Who can take advantage of this?
This campaign can be availed by only those people whose policy has lapsed within 5 years. Those with old policies will not get the benefit of the campaign. This means that people who have not paid their policy money for five years can take advantage of it. Along with this, term insurance policies, multiple risk policies and high risk insurance policies have been kept out of this campaign. Customers of these policies cannot renew their policy.
Along with this, policies whose premium date has passed but the revival date is still pending can take advantage of this campaign. Let us tell you that LIC has decided to give discount on late fee on health insurance and many other policies to its customers.
