I have bought a LIC policy and since 2004, I am paying all my premium regularly. In 2008, due to some personal financial issues, I had stopped paying the premium. So my policy had lapsed, because the grace period was only one month. Recently I have checked with LIC and they told me that I need to under go for medical checkups to reinstate the policy. During the medical check-up, doctor asked me, "Do you take tobacco?". I said yes. Now LIC said that they could not continue this policy. Please suggest me. Should I reinstate this policy?

Thank you

Moneywise

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