Lic Premium: LIC has come up with a new offer so that there is no loss to the policy holders. If you too have not paid the premium of the policy for many years and want to restart that policy, then at this time LIC is giving a chance to restart the closed policy on a good discount offer.
Lic Insurance: Many people buy LIC policy and then do not deposit its premium, due to which the policy lapses. In such a situation, the policy holder does not even get the premium deposited. Due to which there is unnecessary loss of customers. LIC is once again giving a chance for such people to start the closed policy on discount offer. Who can revive their discontinued policy under this discount offer? Let’s know.
How long is this discount offer?
LIC has recently issued a statement saying that all LIC policies except ULIP plans can be revived with late fees. Special discount is also being given to the policy holders on this late fee. LIC told that this scheme will run from 17 August 2022 to 21 October 2022.
100% discount is also being given on late fee
LIC GIVES A UNIQUE OPPORTUNITY FOR POLICYHOLDERS TO REVIVE THEIR LAPSED POLICIES.#LICI #LIC pic.twitter.com/fItYZsZKry
— LIC India Forever (@LICIndiaForever) August 17, 2022
Late fee has to be paid for revival of LIC policies. But, LIC is giving 100% discount to the policyholder on Micro Insurance Policies at the time of this offer.
Which policy will be active
According to LIC, apart from the ULIP plan, all types of policies have been given a chance to restart. But some conditions have been kept in this too. Like the same policy will be able to start again. Whose premium must have been deposited at least 5 years ago.
LIC told why started the campaign
LIC has started this discount offer for such policy holders (LIC Policy Holders), who could not deposit the premium due to any reason. Because of which his insurance policy was closed. LIC tweeted that policyholders can get their closed policies started again.
There will be so much discount on premium
According to LIC, a discount offer is being given to the policyholders under this scheme. If your policy premium is Rs 1 lakh or less, then you will be given a 25% discount on late fees. The maximum discount will be given Rs 2,500. If the premium is between Rs 1 and 3 lakh, then the amount of discount has been fixed at Rs 3,000. If the premium of the policy is more than Rs 3 lakh, then a discount of up to Rs 3,500 will be available on it.
