Chance to activate your lapsed lic policy...

Due to the government's stake in lic, even in today's time people invest in lic only. In such a situation, many times people's policy lapses, but now lic has brought good news for its customers. If your lic policy has also lapsed, then you can get your lapsed lic policy activated again. life insurance corporation of india (LIC) has started a campaign to revive the individual lapse policy.

LIC's big announcement:

LIC (Life Insurance Policy) said in a press release on saturday that those policies which have lapsed during the premium paying period and whose policy term is not yet completed. lic said that for this, policyholders have time from february 7 to march 25, 2022. In such a situation, if you want to activate your policy, then you have time till 7 February.

Along with this, the company said in its statement that the current scenario of the corona epidemic has made people aware of the need for mortality protection. This campaign is a good opportunity for lic policyholders to revive their policy, restore their life cover and ensure financial security for the family.

At the same time, in the difficult times of Covid, many times people have not been able to pay the premium on time. In such a situation, lic said that based on the total premium paid, concessions in late fees are being given in addition to plans with term insurance and high-risk plans. 

According to the information, for traditional and health policies with a total premium received up to Rs 1 lakh, the insurer is giving a 20 percent rebate in late fee subject to a maximum limit of Rs 2,000. Similarly, for the premium amount above Rs 3 lakh, a discount of 30 percent is given with a limit of Rs 3,000. lic is giving complete concession in late fees for micro-insurance plans, which can be directly benefited by the investors.