The largest insurance company, Life Insurance Corporation of India (LIC) has launched a special campaign to restart the closed policies. According to the LIC website, Personal Laps Insurance Policy can be launched again by 31 October. This means that if any of your LIC policy is closed due to delay in premium, then you can start it. LIC started this campaign from 1 September.
For whom is the campaign run?
This campaign has been started to help the policyholders whose policy has been closed due to non -payment of premiums on time. The re -opening of the existing policy is usually better to restore insurance coverage. If your policy is finished due to non -payment of premiums on time, the terms and conditions of the policy agreement until you restore it until the invalid humbs are restored. To start such a policy, the person will have to pay the accumulated premium including interest and provide necessary health information.
Where can I contact?
According to a post on social media X (earlier known as Twitter), LIC’s special revival campaign is providing policyholders an opportunity to revive their finished policies. For more information you can contact your nearest LIC branch or agent.
Apart from this, you can also visit the official website http://licindia.in. According to LIC, only the policies that have been closed 6 months before the date of start and more than 3 years before the date of starting will be restarted.
How to restart the policy
The policyholder has to pay all his interest. The policy can be resumed only on the basis of the rules and conditions issued by the insurance companies. To restart the policy, the policyholder can complete the process of revival of LIC policy by going to the agent or branch. He can also inquire by calling customer service. Whatever special report or medical report is required to resume the policy will be paid by the policyholder.
