News From Press How can an insurance policy be revived after it lapses?

How can an insurance policy be revived after it lapses?

Source: Mint May 13, 2022

I bought a 10-year traditional insurance policy in 2015. I paid the premium for the first five years but was not able to pay for the last two years. Can I start paying the premium now? Has the policy lapsed? What happens if I don’t pay premiums on time in the future?

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