I have had lost my job in recession, so I could not pay premium on my life insurance policy. Now I am in job again, Is it possible to keep the old policy after paying the unpaid premium?
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I have had lost my job in recession, so I could not pay premium on my life insurance policy. Now I am in job again, Is it possible to keep the old policy after paying the unpaid premium?
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Originally Posted by GoodDay
Go to nearest LIC office with policy certificate and reinstate it after paying penalty and premium.
This will help you -
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You need to visit your branch with the policy document and application for reinstatement. In LIC, they have reinstatement section go there and pay the premium with the application of reinstatement. Online reinstatement is not possible.