New Delhi: The Life Insurance Corporation of India (LIC) has launched a Special Revival Campaign across the country to help people reactivate their lapsed life insurance policies. This campaign runs from August 18 to October 17, 2025.
Big Savings on Late Fees
If your policy has lapsed because of missed payments, now is a great time to bring it back. LIC is offering up to 30% discount on late fees, with a maximum limit of ₹5,000, depending on the policy premium amount.
For micro insurance policies, there’s even better news — you get a 100% waiver on late fees, meaning no penalty at all.
Eligibility Criteria
To revive your lapsed policy, it must meet these conditions:
It should be less than 5 years from the date of the first unpaid premium.
The policy must be within the original payment term (not matured yet).
You must meet LIC’s usual health and medical requirements (these have not changed).
Why This Matters
LIC launched this drive to support policyholders who couldn’t pay earlier due to financial issues or personal reasons. By reviving your policy, your insurance coverage restarts, which means your family stays protected.
Act Before October 17
This is a limited-time offer, so if you have a lapsed LIC policy, visit your nearest branch before October 17, 2025, and get your policy back on track.
