Is any of your LIC policies closed due to lack of money? In 2026, the Life Insurance Corporation of India has brought you great news. A special revival campaign has started across the country. Where you can reactivate lapsed insurance at an incredible discount. And LIC is giving time till March 2 for this.
How much discount will you get?
The calculation is simple. If you have a micro insurance plan, then you will get 100 percent discount on late fees. That is, you will not have to pay any penalty. On the other hand, in the case of non-linked plans, you will get a discount of up to 30 percent. However, the maximum limit of this discount has been kept at Rs 5,000.
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Who will get this opportunity?
You will get this benefit if you apply within 5 years from the date of failure to pay the first premium. However, remember, although the penalty for late payment of premium has been waived, the rules for medical examination have not changed. You will have to fulfill the health conditions.
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What is the market reaction?
After this announcement, enthusiasm among investors has increased. When the market closed on January 2, LIC’s share price was 861 taka 25 paisa. This is about 0.99 percent more than the previous day. Experts say that as a result of this operation, the company will get back a lot of outstanding funds. This is the best time to regain the financial security of your family. Contact your nearest LIC agent or branch without delay.