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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Experience comes when you play bigger teams in bilateral series: Rashid Khan
Chennai (PTI): Afghanistan skipper Rashid Khan called for more bilateral series against stronger cricketing nations after his team signed off from the T20 World Cup on a high, defeating Canada in their final group match here on Thursday.
Afghanistan played some exhilarating cricket, going down to South Africa in a gripping second Super Over after the scores were tied, a humdinger that provided one of the early thrills of the World Cup.
However, the spin-bowling stalwart said Afghanistan could make significant strides if they get regular opportunities to compete against stronger cricketing nations.
"Couple of areas to improve, with the batting, the middle order got a bit stuck against the big teams, and then with the bowling the death overs. That comes when you play the bigger teams in bilateral series," said Rashid after his team defeat Canada by 82 runs, with him returning excellent figures of 2 for 19.
The stalwart said the side had arrived well prepared for the tournament and produced some breathtaking cricket, but admitted the narrow defeat to South Africa proved costly and remained a painful setback.
"We were well-prepared (for the tournament), we played some unbelievable cricket. The game against South Africa, that really hurt everyone. We had to win one of those (first two) games and see how the tournament unfolded. We'll take some positive things from this World Cup and look forward," he said.
With head coach Jonathan Trott set to part ways with the team, Rashid described the departure as an "emotional" moment for the side.
"I think we had some wonderful times with him. Where we are now, he played a main role. It's emotional to see him leave us, but that's how life is. We wish him all the best and somewhere down the line we see him again."
Ibrahim Zadran, who was named Player of the Match for his unbeaten 95 off 56 balls, said it was satisfying to finally register a substantial score after two below-par outings.
"I enjoyed it, didn't play better cricket in first two innings, which I expect. Wanted to back my skills, really enjoyed it. Pressure was there, it's there all the time. I want to put myself in pressure situations and enjoy it," said Zadran.
"Wanted to play positive cricket, rotate strike and punish bad ball, create partnerships and this is what I have done."
