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Thread: Reinstatment of LIC policy

  1. #1
    PolicyWala NewBie
    Join Date
    May 2011
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    jaipur
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    Default Reinstatment of LIC policy

    Once LIC policy is surrendered, whether it can be reinstated or not. If yes, how and in how much time limit?


  2. #2
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
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    Default

    Surrender of policy means the policy is surrendered and the cash value is received for what ever the premium is paid. So policy is no more in existence any more, how can you reinstate it. You can reinstate the policy, which is lapsed for non payment of premium.
    You will pick up maximum wrong numbers when on roaming.

  3. #3
    PolicyWala Fan
    Join Date
    Apr 2009
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    Shimla
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    Default

    Quote Originally Posted by blsimp View Post
    Once LIC policy is surrendered, whether it can be reinstated or not. If yes, how and in how much time limit?
    No, because the policy is surrendered on your request.


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