Utility News Desk!!! Life Insurance Corporation of India (LIC), the country's largest insurance company, has started a special campaign to revive discontinued policies. According to the LIC website, the personal lapse insurance policy can be relaunched by October 31. This means that if any of your LIC policies has been discontinued due to delay in premium, you can start it. LIC has started this campaign from 1st September.

For whom has the campaign been launched?

This campaign has been launched to help policyholders whose policies have lapsed due to non-payment of premium on time. It is usually better to reopen an existing policy to reinstate insurance coverage. If your policy has lapsed due to non-payment of premium on time, the terms and conditions of the policy agreement remain invalid unless you reinstate it. To initiate such a policy, the individual has to pay the accumulated premium along with interest and provide necessary health information.

Where can I contact?

According to a post on social media X (formerly known as Twitter), LIC's special revival campaign is offering policyholders an opportunity to revive their lapsed policies. For more information you can contact your nearest LIC branch or agent.

Apart from this you can also visit the official website. According to LIC, only those policies which have been discontinued more than 6 months and more than 3 years before the date of commencement will be revived.

How to restart the policy

• The policyholder has to pay all his interest.
• The policy can be restarted only on the basis of terms and conditions issued by the insurance companies.
• To revive the policy, the policyholder can complete the LIC policy revival process by visiting the agent or branch.
• He can also inquire by calling customer care.
• Any special reports or medical reports required for revival of the policy will be paid for by the policyholder.