I have a LIC Policy for which I have not paid any premium after due date on 25th June'2009. I have discussed with my agent for revival of the above policy and he suggested that the above policy will be reinstated after paying additional premium and one application to the branch manager.

  1. I have also heard that there is some thing called grace period in LIC. What is grace period?
  2. Could you please tell me more info about grace period in LIC?
  3. Whether above policy is covered under grace period?


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