New Delhi: The Life Insurance Corporation of India (LIC) has announced that its Special Revival Campaign for lapsed insurance policies ends today, October 17, 2025.
The campaign, launched on August 18, 2025, offered policyholders a special opportunity to revive their lapsed individual policies and regain insurance coverage.
Concessions Under the Campaign
Under this special drive, LIC provided a concession on late fees for all Non-Linked Insurance Plans.
Policyholders could receive up to a 30% reduction in late fees, with a maximum concession of ₹5,000, provided their policy was eligible for revival under the scheme.
Additionally, policies belonging to specific eligible plans could be revived within five years from the date of the first unpaid premium, subject to LIC’s terms and conditions.
Policyholders were advised to refer to the official table released by LIC for detailed information regarding late fee amounts, premium dues, and applicable concessions.
No Concession on Medical or Health Requirements
LIC clarified that there are no concessions on medical or health requirements under this campaign.
Only those policies that are still within their premium-paying term and have not completed their full policy term are eligible for revival.
LIC’s Advice to Policyholders
In its official statement, LIC said the campaign was designed to benefit policyholders who missed premium payments due to unforeseen circumstances.
“Policies must be kept active to enjoy full insurance benefits. We encourage policyholders to review their old policies and restore their insurance cover at the earliest,” LIC stated.
Final Reminder
Since the campaign concludes today, eligible policyholders who have not yet revived their lapsed policies are advised to act immediately by visiting their nearest LIC branch or contacting their LIC agent to complete the revival process.
