ΰͺ²ΰ« ΰͺͺΰ«ΰͺΈ LIC βΉ βΉ βΉ β βΉ βΉ βΉ βΉ
A lapsed policy is not a lost policy β not yet. LIC allows revival within 5 years of the first unpaid premium. Vinodbhai has helped dozens of Vadodara families revive their policies. Here's exactly what to do.
Within grace period (30 days of due date): Pay the overdue premium immediately β policy is not lapsed yet, just in arrears.
1 month to 6 months: Simple revival β pay overdue premiums with interest. No medical examination typically required.
6 months to 3 years: Standard revival β overdue premiums + interest + possible revival form + medical depending on plan and sum assured.
3 years to 5 years: Special revival scheme (available periodically from LIC) β OR full revival with medical examination and higher requirements.
After 5 years: Policy cannot be revived. It may only be surrendered or paid-up. Do not wait β call Vinodbhai immediately if you are in this situation.
Find your original LIC policy document and any premium receipts you have. Note your policy number β you'll need this for every step.
Contact Vinodbhai with your policy number. He will check how long the policy has been lapsed, which revival scheme applies, and calculate the exact amount needed.
Depending on lapse duration and sum assured: Aadhaar/PAN, address proof, and possibly a health declaration or medical report. Vinodbhai tells you exactly what's needed.
Pay all overdue premiums with interest through LIC's online portal (licindia.in), LIC branch, or authorized collection centre. Vinodbhai can accompany you to the branch.
For longer lapses, LIC Form 680 (declaration of good health) or a medical report is required. Vinodbhai helps you fill and submit this accurately.
LIC issues a revival receipt and updates the policy. Your policy is now active again β with all future benefits restored.
Keep these documents ready before visiting the LIC branch or calling Vinodbhai. Having everything in order makes the process 3Γ faster.
Not sure you have everything? WhatsApp Vinodbhai β he'll tell you exactly what you need based on your specific policy and situation. He's handled dozens of these cases across Vadodara.
You pay all overdue premiums plus LIC's interest rate on the unpaid premiums (typically 9β10% per annum). Vinodbhai will calculate the exact amount before you proceed β no surprises.
Under some LIC special revival schemes, you may be allowed to pay a portion upfront. Contact Vinodbhai β he will advise on the best approach based on your specific policy and financial situation.
Yes β LIC allows revival within 5 years. You are still within the window, but time is running short. WhatsApp or call Vinodbhai immediately β he will tell you exactly what can be done.
Bonuses already declared (before lapse) remain attached to the policy and are not lost during revival. Bonuses for the lapse period are forfeited β but the existing bonus is preserved once the policy is revived.
Vinodbhai handles this personally. Not a call centre. Not a form. Just him β and 30 years of experience.
MonβSat, 9AMβ7PM Β· Vadodara Β· Agency Code: 00525879