News From Press LIC Offer: Rs 3000 off on reviving lapsed policies with receivable premium of Rs 3 lakh and above

LIC Offer: Rs 3000 off on reviving lapsed policies with receivable premium of Rs 3 lakh and above

Source: Financial Express Sep 2, 2021

The Life Insurance Corporation is offering concessions on late fees for the revival of lapsed policies. The maximum concession allowed is Rs 3000 on policies for which the receivable premium is Rs 3,00,001 and above. Up to Rs 2,500 concession is allowed on plans for which the receivable premium is Rs 1,00,001 to Rs 3,00,000.

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