Archive · 18 Aug 2025
LIC Launches Revival Campaign for Lapsed Policies
LIC, an Indian insurance company, is helping people restart old policies.
From August 18 to October 17, 2025, you might pay less in late fees.
The discount depends on your policy.
The maximum discount is ₹5,000.
Micro insurance plans have 100% late fee waiver.
You can revive policies if it has lapsed within five years.
This lets people keep their insurance.
LIC launched a special campaign to revive lapsed insurance policies.
The campaign runs from August 18 to October 17, 2025.
Concessions of up to 30% on late fees are offered.
Non-linked insurance plans have a maximum late fee waiver of ₹5,000.
Policies can be revived within 5 years if the terms are met.
- Who
- The Life Insurance Corporation of India (LIC) and its policyholders.
- What
- LIC launched a special revival campaign for lapsed insurance policies.
- When
- The campaign runs from August 18 to October 17, 2025.
- Where
- Nationwide in India.
- Why
- To help policyholders revive lapsed policies and maintain insurance coverage.
- Campaign Dates
- August 18 to October 17, 2025
- Organization
- Life Insurance Corporation of India (LIC)
- Late Fee Concession
- Up to 30%
- Maximum Late Fee Waiver
- ₹5,000
- Micro Insurance Waiver
- 100% late fee waiver
- Eligible Policies
- Lapsed policies within 5 years of first unpaid premium
