LIC: Again brought special offer, chance to start policy which was closed till October 21
The purpose of this campaign is to give relief to policyholders.
This campaign is being taken out by LIC, its purpose is to give relief to such policyholders. Those who could not pay the premium due to some compulsion. For this reason, his policy lapsed. India’s largest life insurance company has tweeted about this and in this, the company has said that LIC is giving a special opportunity to the policy holders to get the lapsed policy revived. They can get a lot of benefits from this campaign. Those whose policy has lapsed due to some reason simply due to non-payment of premium.
100% discount on late fees for microfinance policies
It has been clarified by LIC that all policies except ULIPs can be revived during the time period of this campaign. But it has some conditions that the date of the first premium outstanding should not be more than 5 years. Low amount policy which comes under microfinance. On re-energizing those policies, a 100% late fee waiver will be available.
how much discount
30 percent concession will be given on the outstanding premium above 3 lakhs, which will be a maximum of 3 thousand 5 hundred. A concession of up to Rs 3 thousand will be given in the outstanding premium of Rs 1 lakh to Rs 3 lakh and a 25 percent rebate will be given on the outstanding premium up to Rs 1 lakh, which will be a maximum of Rs 2 thousand five hundred.