The Life Insurance Corporation of India (LIC) has launched a special revival campaign to help customers bring back their lapsed life insurance policies at reduced costs. Running from August 18 to October 17, 2025, the initiative provides up to 30% concession on late fees for non-linked policies (capped at ₹5,000), while micro insurance policies get a complete 100% waiver.
| Policy Type | Late Fee Concession | Limit |
|---|---|---|
| Non-linked Policies | Up to 30% concession | ₹5,000 |
| Micro Insurance Policies | 100% waiver | No limit |
Why It Matters for Policyholders
When a life insurance policy lapses due to non-payment of premiums, customers lose not only their risk cover but also potential bonuses and maturity benefits. Reviving these policies usually comes with heavy penalties. This campaign gives policyholders a chance to reinstate their protection without bearing the full burden of penalties.
Expert View
Insurance advisors believe revival campaigns are especially helpful for customers in rural and semi-urban areas, where financial challenges often lead to missed payments. The full waiver for micro insurance policies is expected to be a lifeline for low-income families, helping them secure long-term protection again
Deadline Reminder
The campaign is open only until October 17, 2025. Policyholders are advised to visit their nearest LIC branch or contact their LIC advisor quickly to revive their lapsed policies before the window closes.
Why This News Matters
For millions of households, a lapsed insurance policy means losing a crucial financial safety net. With this limited-time revival drive, LIC is giving customers a second chance to protect their family’s future.
If your LIC policy has lapsed, this is the best time to revive it — before the October 17 deadline.
Revive Your Protection Before the Deadline
LIC’s revival campaign ends on October 17, 2025. Restore your lapsed policy or explore plans that fit your needs.
