The Life Insurance Corporation (LIC) has introduced a special revival campaign, providing policyholders with the opportunity to renew their lapsed policies. This campaign, which commenced on September 1, offers policyholders a window of opportunity until October 31, 2023, to revive their lapsed policies.
LIC’s Reminder to Policyholders: LIC is actively reaching out to its customers through messages, reminding them of the special revival campaign. Policyholders are encouraged to contact their nearest LIC branch or agent and take advantage of this opportunity to revive their policies, particularly Policy 102342937.
Concessions on Policy Revival: LIC is offering attractive concessions on policy revival to incentivize policyholders to renew their lapsed policies. The concessions are as follows:
1. For Premiums up to ₹1 Lakh:
- Policyholders will enjoy a 30% rebate on late fee charges.
- The maximum concession eligible is ₹3,000.
2. Premiums between ₹1 Lakh and ₹3 Lakh:
- A 30% rebate on late fee charges is applicable.
- The maximum concession allowable is ₹3,500.
3. Premiums exceeding ₹3 Lakh:
- A 30% rebate on late fee charges is granted.
- The maximum concession permitted is ₹4,000.
Conclusion: LIC’s special revival campaign is a golden opportunity for policyholders to reinstate their lapsed policies with attractive concessions. Whether the premium amount is modest or substantial, policyholders can benefit from this limited-time offer to secure the future and financial well-being of themselves and their loved ones. It’s a win-win opportunity to revive and protect your insurance coverage.
