LIC to launch revival campaign for lapsed policies

NEW DELHI: To encourage continuation of risk cover in this difficult period, insurance behemoth LIC on Sunday said it will provide an opportunity for its policyholders to revive their lapsed policies.

It has decided to launch a special revival campaign from August 10 till October 9 for its customers to revive their individual lapsed LIC policies.

“In view of the prevailing circumstances, no concessions are being offered in medical requirements and the same are limited to late fee only; under plans other than term assurance and other high risk plans,” LIC said in a statement. (AGENCIES)