LIC's New Year gift: Restart your lapsed policy with big discounts and get full coverage..

LIC Revival Campaign 2026: Here's some good news for LIC policyholders. If your LIC policy has lapsed for any reason, you now have a great opportunity to revive it. Life Insurance Corporation of India (LIC) has launched a special two-month campaign to revive lapsed individual policies. This campaign will run from January 1, 2026, to March 2, 2026.

Waiver on Late Fees
According to LIC, this special drive will apply to all non-linked insurance policies. Significant discounts are being offered on late fees during this period. If a policy is eligible for revival, a discount of up to 30 percent will be given on the late fee, with a maximum limit of Rs. 5000.

No Late Charges on Micro Insurance Policies
The relief is even greater for holders of micro insurance policies. LIC has clarified that late fees will be completely waived for micro insurance policies. The aim is to ensure that people with low-premium policies can easily regain their insurance coverage.

Which Policies are Eligible?
Under this campaign, only those policies that have lapsed during the premium payment period and whose full policy term has not yet expired will be eligible for revival. However, there will be no relaxation in medical or health-related conditions. This campaign has been specifically launched keeping in mind those policyholders who were unable to pay their premiums on time due to unavoidable circumstances or adverse situations.

Reviving an old policy is always a better option, as it restores insurance coverage and ensures the financial security of the family.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.