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LIC launches special campaign to revive lapsed policies

LIC launches special campaign to revive lapsed policies

by AIP Online Bureau | Aug 16, 2022 | Indian News, Life

All policies except ULIP (Unit linked Insurance Plan) can be revived within 5 years from date of the first unpaid premium subject to policy conditions, LIC said in a statement Mumbai: Insurance behemoth Life Insurance Corporation of India (LIC) on Tuesday announced...
LIC launches special campaign to revive lapsed policies

LIC offers opportunity for policyholders to revive lapsed policies

by AIP Online Bureau | Feb 5, 2022 | Indian News, Life

For conventional and health policies with a total receivable premium of up to Rs one lakh, the insurer is offering a 20 per cent concession in late fee, with a maximum limit of Rs 2,000. Similarly, for a premium amount of above Rs 3 lakh, concession offered is 30 per...

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