Why there is only 5 Years term to continue a lapsed policy in LIC?

[Shrikant_Inturi]

Why there is only 5 Years term to continue a lapsed policy in LIC? I have lot many LIC policies which got lapsed after paying 5 or 6 instalments but its now more than 5 years since I had paid the last premium payment, so I cannot continue them. Although I want to continue those policies...even after paying huge penalties. Please help.

Thanks,

Sri

Similar Threads:

• Jeevan Saral : whether to continue or withdraw the policy?
• Which one is better LIC Money back policy (20 years or 25 years term) or LIC Jeevan Anand (20 years term)?
• Jeevan Anand - Policy lapsed - Can now I pay premium online?
• Continue ppf account, after three years?
• LIC Policy lapsed?