LIC launches special revival campaign for lapsed policies with late fee concessions
Mumbai: The Life Insurance Corporation of India (Life Insurance Corporation of India) has announced a Special Revival Campaign to help policyholders revive individual lapsed insurance policies by offering concessions on late fees.
The campaign will be in force from January 1, 2026, to March 2, 2026, and applies to individual non-linked insurance plans as well as micro insurance policies. Under the scheme, eligible policyholders can avail a late fee concession of up to 30 per cent, subject to a maximum limit, depending on the total receivable premium.
For policies with a total receivable premium of up to ₹1 lakh, a 30 per cent late fee concession is available. Policies with receivable premiums between ₹1,00,001 and ₹3 lakh are eligible for a concession of up to ₹3,000, while those above ₹3 lakh can avail a concession of up to ₹4,000. In the case of micro insurance plans, a full waiver of late fees is being offered, subject to a maximum of ₹5,000. LIC clarified that all concessions are subject to the terms and conditions of the scheme.
According to LIC, policies can be revived under this campaign within five years from the date of the first unpaid premium, provided they are still within the premium-paying term and have not completed the full policy term. The corporation has made it clear that there will be no concessions on medical or health requirements, which will continue to apply as per existing rules.
The insurer said the initiative is aimed at policyholders who were unable to pay premiums on time due to unfavourable circumstances. Reviving a lapsed policy helps restore full insurance cover and ensures continued financial protection for the policyholder’s family.
The announcement was issued from LIC’s central office in Mumbai on January 2, 2026. Policyholders seeking more information have been advised to contact the Executive Director (Customer Care) at LIC of India or visit the corporation’s official website.
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Second PUC results: Life convict clears exam with distinction, DGP lauds effort
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Bengaluru: A life convict lodged in Ballari Central Prison has successfully cleared the second PUC examination.
Ashok Kumar S, who appeared for the examination under prison escort, secured 481 marks out of 600, registering 80.1 percent.
Director General of Police (Prisons and Correctional Services), Alok Kumar (IPS), shared the development on his official ‘X’ handle, commending the inmate’s achievement.
In his post, he stated that it was heartening to see a life convict score over 80 percent in the examination, adding that the inmate had appeared from Ballari Central Prison under escort.
It’s heartening to see that one of our life convict prisoners Ashok has obtained 80.1% marks in PUC exam. He appeared under Prison escort from Ballari Central Prison for his exams.
— alok kumar (@alokkumar6994) April 9, 2026
Glad to see that Walls of the prison has not subdued his hopes for a better future. pic.twitter.com/Nzlcy076SR
He further noted that the achievement reflected that the “walls of the prison have not subdued his hopes for a better future.”
Alok Kumar in his post also shared the result sheet of Ashok.
The Karnataka School Examination and Assessment Board (KSEAB) declared the second PUC results for 2026 on April 9.
A total of 6,32,200 students appeared for the examination across all streams, of whom 5,46,698 passed, recording an overall pass percentage of 86.48 per cent.
