LIC Lapsed Policy: If your LIC policy has also been closed, then this is important news for you. LIC has brought a great gift for its customers, in which you can start your discontinued policy cheaply. The revival scheme has been started by the company for the lapsed policies, under which you can start your old scheme.
According to the information received from LIC, you can start your old policy till October 24 . For this, you will have to pay late fine and premium, only then your policy will be able to start
Policy can be revivedÂ
LIC has started this discount offer for such policy holders who were unable to deposit the premium due to some reason. Because of which his insurance policy was closed. LIC said by tweeting that policyholders can get their discontinued policies revived.
According to LIC , a discount offer is being offered to policyholders under this plan. If your policy premium is Rs 1 lakh or less, then you will be given 25% rebate in late fee. The maximum discount will be Rs 2,500. If the premium is between Rs 1 to 3 lakh, then the amount of discount has been fixed at Rs 3,000. If the premium of the policy is more than Rs 3 lakh, then there will be a discount of up to Rs 3,500 on it.
ULIP plans cannot be revived Policyholders can get all their policies revived except ULIPs and high risk policies. According to LIC, apart from the ULIP plan, all types of policies have been given a chance to revive, but some conditions have been kept in this too. As the same policy will be able to be started again. Whose premium must have been deposited at least 5 years back.
