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 revive that policy, then at this time LIC is giving a chance to revive the discontinued policy at 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 policyholder does not even get the premium paid. Due to which there is unnecessary loss of customers. LIC is once again giving a chance to such people to start the discontinued policy at a 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 except ULIP plans, all LIC policies can be restarted with late fees. A special discount is also being given to policyholders on this late fee. LIC said 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
There is a late fee to be paid for restarting LIC policies. But, LIC is giving 100 percent discount to the policyholder on micro insurance policies at the time of this offer.
Which policy will be operational
According to LIC, apart from ULIP plans, all types of policies have been given an opportunity to restart. But some conditions have been laid in this too. As the same policy will be able to be started again. Whose premium must have been deposited at least 5 years back.
LIC told why the campaign started
LIC has started this discount offer for such policyholders, who could not deposit the premium due to any reason. Because of which his insurance policy was discontinued. LIC said by tweeting that policyholders can get their discontinued policies revived.
There will be so much discount on premium
According to LIC, a discount offer is being offered to policyholders under this plan. If your policy premium is Rs 1 lakh or less, then you will be given 25% rebate in late fee. The maximum discount will be Rs 2,500. If the premium is between Rs 1 to 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 there will be a discount of up to Rs 3,500 on it.
