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vidul
07-09-2015, 07:16 PM
I have LIC - Jeevan Suraksha plan since 2001, but between 2007 - 2015 due to work I was moved abroad and I could not continue to pay the above policy premium. Could you please help me with the below queries:
1- Can I still revive the above policy?
2- Is it possible online by paying the outstanding premium online by net banking?

Thanks,
Vidul

>take
08-09-2015, 11:55 PM
I have LIC - Jeevan Suraksha plan since 2001, but between 2007 - 2015 due to work I was moved abroad and I could not continue to pay the above policy premium. Could you please help me with the below queries:
1- Can I still revive the above policy?

Yes. See process here - How to Revive Lapsed LIC Policy? (http://www.policywala.com/how-to-revive-lapsed-lic-policy/)



2- Is it possible online by paying the outstanding premium online by net banking?

Thanks,
Vidul

No.

LIC - Jeevan Suraksha Revival:
1. Policies with Term Assurance Rider: Rules relating to the revival of the Term Assurance Rider will apply.
2. Policy without the Term Assurance Rider: Policies can be revived at any time on payment of all arrears of premiums with interest @ 10.5% p.a. compounding half yearly. This rate of interest is likely to change from time to time.

Source - LICIndia (https://www.licindia.in/pension_plans_003_benefits.htm)