Revival of LIC Policy

Ordinary Revival
Under ordinary revival scheme a lapsed policy can be revived by paying all unpaid premiums (from the date of 1st unpaid premium) in lump sum with late Fees @existing rate. Form no 680 also called DGH (declaration of good health), Origional Policy Bond (in case of S.B. cum Revival or loan cum Revival), Self attested ID and Address Proof and medical report is required if necessary.

Survival Benefit cum - Revival Scheme
Money back type policy can be revived by using the survival benefit ( S. B. ) which falls due in it, in case of the S.B. due date is earlier than the date of revival. If the revival amount is more than the S.B. amount, the excess amount will be demanded. If the revival amount is less than the S.B. amount. The remaining amount will be given back to the policy holder. The additional requirements for revival and S.B. settlement are to be satisfied.

Loan Cum - Revival Scheme
A policy can be revived by taking a policy loan in case of the policy acquires the surrender value on the revival date. The policyholder can get the loan on the basis of premiums paid by him up to the revival date. If there is any shortfall in the revival amount, the policyholder will have to pay it. If the revival amount is less than the loan amount the remaining will be paid back to the policy holder.