Life Insurance Corporation of India (LIC) has started a great initiative for its customers, named Special Revival Campaign 2025. The aim of this campaign is to help those whose insurance policy has been discontinued due to non-payment of premium. If you also want to restart your old LIC policy, then this is a great opportunity for you. This campaign will run from 18 August to 17 October 2025. Let’s know the special things about this campaign.
What is this special revival campaign?
Under this campaign, LIC is giving an easy way to restart the discontinued policies. If your policy has lapsed due to non-payment of premium, then now you can restart it at a lower cost. LIC is giving up to 30% discount on late fees during this period, with a maximum limit of Rs 5,000. Apart from this, there is a special offer of 100% discount on late fees for micro insurance policy holders.
Why does the policy get discontinued?
In LIC policy, premium has to be paid every month, quarterly, half-yearly or yearly. There is a grace period of 15 to 30 days after the due date of premium. If the premium is not paid even during this period, the policy gets discontinued. To restart such a policy, interest and late fee along with the outstanding premium have to be paid.
How to restart the policy?
LIC has made this process very easy. You can restore your policy in the following ways:
- Contact your LIC agent.
- Go to the nearest LIC branch.
- Talk to the customer service department of LIC.
For this, you will have to submit the outstanding premium, interest and necessary documents. If medical or any special report is required, then you will have to bear its cost.
Which policy can be restored?
There are certain conditions applicable to this campaign:
- The policy must be revived within 5 years from the date of the first due premium.
- Only policies that are in the premium payment period and have not yet matured will be eligible.
- Normal medical and health requirements must be met, without any exemptions.
Why is it important to keep the policy active?
LIC says that this campaign is for those customers who could not pay the premium due to some personal or financial problem. Keeping the policy active not only restores your insurance cover but also strengthens the financial security of your family. Whether it is future savings or protection from unforeseen events, LIC policies are a reliable companion for you.
Where to get more information?
If you want to know more about this campaign or want to revive your policy, use these methods:
- Visit LIC’s official website www.licindia.in.
- Contact LIC Central Office in Mumbai.
Last thing
This special revival campaign of LIC is a great opportunity for you to restart your old policy. Do not delay, take advantage of this offer before 17 October 2025 and strengthen the financial security of your family.
