LIC Opens Limited Window to Revive Lapsed Policies With Late-Fee Relief
Reinstatement remains subject to LIC’s standard medical checks under existing revival rules.
Overview
- The Special Revival Campaign runs nationwide from August 18 to October 17, 2025, for eligible individual policies that have lapsed.
- Late fees receive concessions of up to 30 percent with a Rs 5,000 cap based on the premium amount.
- Micro-insurance policyholders get a 100 percent waiver of late fees under the campaign.
- Policies qualify for revival only within five years of the first unpaid premium while still in the premium-paying term and not matured.
- Revivals require payment of overdue premiums with interest and proof of insurability, with any medical reports arranged and paid for by the policyholder.