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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Mangaluru: Man sentenced to 20 years rigorous imprisonment in POCSO case
Mangaluru: A court in Mangaluru has sentenced a 44-year-old man to 20 years of rigorous imprisonment in connection with a case under the Protection of Children from Sexual Offences (POCSO) Act.
According to Deccan Herald, the Additional District and Sessions Judge, FTSC-II (POCSO), Maanu K S, delivered the judgment.
The convict has been identified as Dayanand Moolya (44).
According to Special Public Prosecutor Sahana Devi Boloor, the incident occurred on November 16, 2025, when a seven-year-old girl was studying alone at home and the accused illegally entered the house and raped her. He threatened to kill her and throw her into a well if she revealed it to anyone.
The survivor later informed her mother, following which a complaint was registered at Mulki Police Station on November 22. Police Inspector Manjunath B S investigated the case and submitted the charge sheet to the court.
For the rape, under POCSO Section 6, along with Bharatiya Nyaya Sanhita (BNS) Act 65(2) and POCSO 4(2), the man has been sentenced to 20 years of rigorous imprisonment and a fine of Rs 30,000. For illegal entry into the house, under BNS Section 332(B), the convict has been sentenced to three years of simple imprisonment and a fine of Rs 5,000. For issuing death threats, under BNS Section 351(3), he has been sentenced to two years of simple imprisonment and a fine of Rs 5,000.
The court also directed payment of Rs 4 lakh as compensation to the survivor, including Rs 40,000 from the fine amount, and instructed the District Legal Services Authority to provide the remaining Rs 3.60 lakh.
