LIC offers up to 30% late fee discount to revive lapsed policies by March 2, 2026.

LIC launched a revival campaign from January 1 to March 2, 2026, offering up to a 30% discount on late fees—capped at ₹5,000—for lapsed individual non-linked insurance policies. The initiative allows policyholders to reinstate plans within five years of the first unpaid premium, provided the policy is still within its term and meets conditions. No relief is given for medical requirements. The campaign targets those who missed payments due to hardship, aiming to restore coverage and ensure continued benefits.