LIC Lapsed Policy Revival Guide 2026: Costs, Documents, Timeframes
LIC permits revival within 5 consecutive years from the first unpaid premium (FUPR). Beyond that, revival is impossible and only surrender remains. Policies lapsed 0-6 months usually qualify for simple revival with no medical examination.
Pitfalls that stall revivals
Waiting past the 5-year window, ignoring medical requirements on longer lapses, and losing the revival confirmation letter are the top three mistakes. The confirmation letter is your proof the policy is back in force.
What revival actually costs
The revival amount is outstanding premiums plus interest, typically around 9.5% per annum on arrears. No separate penalty applies for most policies - the interest is the cost.
An IRDAI-certified advisor can calculate your dues, collect documents, and follow up with LIC end-to-end. See the LIC policy revival service at Insurance Support for free guidance.