LIC’s 2025 Revival Drive: Reclaim Your Lapsed Policy & Save Up To 30% On Late Fees

If your policy has lapsed because you missed payments, this is your chance to reactivate it — with lower late fees. LIC is offering up to 30 percent off on late fees, capped at Rs 5,000, depending on how much your policy premium is. For micro insurance policies, you’ll get a 100 percent waiver on late fees — meaning no late fees at all.