LIC: Special campaign of LIC, you have a big opportunity to start the Lapse policy, you will also get discount.

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Internet Desk. When the thought of investing money comes to our mind, we first think of LIC. We also invest money. But after some time, we are not able to pay the premium of the insurance policy on time and the policy gets lapsed. If you also have any such policy of LIC which has been closed for a long time, then you can get it started again. LIC is giving you a chance for the next 9 days i.e. till 31st October and is also giving a discount.

According to media reports, LIC has currently started a special campaign to revive the lapsed policy and its last date is 31st October. Under this campaign, LIC customers can not only renew their insurance policy but can also save money on deposits.

Know about the lapse policy

Any insurance policy of LIC has to be valid for at least 3 years. If the policy is not revived within this period, then it lapses. Along with this, you get a grace period in every policy after the due date of paying premium. Even if the premium is not paid within that time period, your policy lapses.

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