LIC Late Fee Waiver Scheme 2025
The Life Insurance Corporation of India (LIC) has started a Special Revival Campaign from August 18 to October 17, 2025. This campaign helps people restart their lapsed life insurance policies. It applies to most individual policies that are still in the premium-paying term and have not yet matured.
Under this scheme, LIC is giving a discount on late fees. Policyholders can get up to 30% waiver on late fees, with a maximum limit of ₹5,000. For Micro Insurance Policies, LIC is offering a 100% waiver on late fees, making it easier for people with small income policies to revive them.
A lapsed policy can usually be revived within five years from the date of the first missed premium, if the policyholder follows all rules and conditions. However, this special scheme does not give any concession on medical tests or health requirements that may be needed for revival.
The main aim of this campaign is to help people who could not pay premiums earlier due to financial problems or emergencies. By reviving their policies, they can continue to enjoy insurance protection and secure their family’s future.
LIC Lapsed Policy Revival 2025
LIC 30% Late Fee Waiver 2025
LIC Special Revival Plan 2025
LIC Insurance
Revival 2025
LIC Micro Policy Revival 2025
Source- News18
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