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To revive lapsed LIC life insurance policy, the policyholder needs to make an application for revival to the company. The company may prescribe submitting a standard revival form. The insured fails to pay the premium within the grace period and the coverage of the policy lapses. The inclusion of revival of policy is a must to have as it provides an option to the insured person to renew the policy and continue with the coverage of the plan. The renewal of the lapsed policy can be done anytime within 5 years from the date of unpaid premium. First, take advice from insurance advisors on our website or if need help call: 1800-123-4003.
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download a LIC life insurance policy statement, you typically need to follow the below steps.
LIC Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.
To determine the fund value of LIC life insurance, you'll need to follow the below steps.
To check the surrender value of a LIC life insurance policy, you can follow the below steps:
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