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| LIC offers opportunity to revive lapsed policies | | |
Early Times Report
JAMMU, Aug 23: To provide continued risk cover in these uncertain times, LIC has come up with an excellent opportunity for revival of lapsed policies. A special revival campaign was launched today for individual lapsed policies. Eligible Health and Micro Insurance plans also qualify for the concession in late fee. 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 certain terms and conditions. Policies which are in a lapsed condition during the premium paying term and not completed policy term are eligible to be revived in this campaign. The campaign is launched for the benefit of those policyholders whose policies lapsed as they were not able to pay premiums on time due to unavoidable circumstances. It always makes better sense to revive an old policy to restore insurance cover. |
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