If premium is not paid within 6 months of the due date, the status of the policy changes to Lapsed. A lapsed policy loses the risk cover it provides to the policy holder. LIC provides an option to revive the lapsed policy. NRIs need to contact the servicing branch and submit revival form along with required medical reports, upon approval you pay the due premium along with late fee, if any.
Lapsed LIC Insurance Policy, If your existing LIC policy is lapsed due to non-payment of premiums, we offer adept services to NRIs to get their lapsed policy revived. Kindly get in touch with us +91-9230091000 or submit the enquiry form.