LIC

New Delhi, August 18, 2025: The Life Insurance Corporation of India (LIC) on Monday announced a special revival campaign aimed at helping policyholders restore their lapsed policies. The month-long initiative will run from August 18 to October 17, 2025.The campaign covers all non-linked insurance policies and offers concessions of up to 30 percent on late fees, with the maximum benefit capped at ₹5,000. For micro-insurance policies, LIC is offering a complete waiver of late fees to make risk cover more affordable.According to LIC, policies can be revived within five years from the date of the first unpaid premium, provided they…