LIC: LIC's bumper offer! Lapsed policies can be revived, with a massive 30% discount on late fees..

Insurance Policy Revival: On the occasion of the New Year, the country's largest insurance company, Life Insurance Corporation of India (LIC), has given a significant gift to its millions of policyholders. LIC is offering a great opportunity to revive lapsed insurance policies. The insurance company has announced a two-month special campaign to revive lapsed individual policies.

LIC Revival Campaign Date

LIC has launched a special campaign to revive lapsed policies. This special campaign will run from January 1 to March 2, 2026, and will include all non-linked policies.

How much discount will be available?

This special campaign by LIC will offer a late fee waiver of up to 30% on all non-linked insurance plans eligible for revival. This discount will be up to ₹5,000.
The company stated that a 100% waiver on late fees is being offered for micro insurance policies to restore risk coverage.
% Concession on Total Premium Payable Late Fee Maximum Discount Allowed
Up to ₹1,00,000 30% ₹3,000
₹1,00,001 to ₹3,00,000 30% ₹4,000
₹3,00,001 and above 30% ₹5,000
Micro Insurance Plan 100% Completion

Terms and Conditions
Under this special campaign of LIC, policies that have been discontinued during the premium payment period and have not yet completed their term can be revived under this campaign.

No concession on medical/health needs
This campaign has been launched for the benefit of policyholders who were unable to pay premiums on time due to any adverse circumstances. It is essential to keep the policy active to receive the full insurance benefit.

Reviving old policies and restoring insurance cover is always recommended.

LIC values ​​the desire of its policyholders and their family members to be protected for their well-being. This campaign provides a good opportunity for LIC policyholders to revive their policies and ensure financial security for their loved ones.

This campaign by LIC has been launched to benefit policyholders who were unable to pay premiums on time due to any adverse circumstances.

2 Policy Launches
LIC launched two new insurance plans for customers in December last year. These are Protection Plus and Bima Kavach. Both plans are designed to be customizable for people with different needs. Customers will benefit from both protection and savings.

Both plans aim to provide insurance that is easy to understand, rich in benefits, and provides long-term confidence.

Benefits of LIC Protection Plus
Protection Plus is a linked savings plan that allows your funds to grow by linking to the market. This means both protection and growth potential. Mortality charges incurred during the policy are refunded upon maturity. This means you ultimately receive the benefits of the life cover.

Benefits of LIC Bima Kavach
This plan is especially suitable for families who want a secure future, no matter the circumstances. A great feature of this plan is that you can increase the sum assured for certain life events, such as marriage or the birth of a child. Life changes, responsibilities increase, and the coverage in this plan can also increase accordingly.

Women and non-smokers receive lower premium rates, making the plan even more affordable. And best of all, there's no maximum limit on the sum assured. You can choose as much protection as you want.

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