LIC has come up with an attractive offer for revival of lapsed policies. A Special Revival Campaign has been launched from 01.01.2026 to 02.03.2026 for individual lapsed policies.
Concession is being offered in late fee for all Non-Linked Insurance Plans upto 30% of Late fee upto a maximum amount of Rs.5000/- if eligible for Revival under the scheme.
Concession for Late fee is as per table shown below:
*Terms & conditions apply.
Under this Special Revival Campaign, Policies can be revived within 5 years from date of the First Unpaid Premium subject to satisfying the policy 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.
There are no concessions on Medical/Health Requirements.