Life Insurance Corporation of India (LIC) is trusted by millions of Indians for financial protection. But sometimes, due to delay or non-payment of premium, your LIC policy may lapse, and you lose coverage.
The good news is – LIC gives you multiple options to revive your lapsed policy and restore all the benefits.
This page will guide you step by step on:
- ✅ How to revive your lapsed LIC policy online & offline
- ✅ Forms like 720 and 680 for revival
- ✅ Latest LIC Lapsed Policy Revival Scheme 2025 with discounts
- ✅ LIC Gurgaon helpline and branch support
- ✅ Alternatives if revival is not possible
- ✅ Revival calculators, request forms, and FAQs
What is a Lapsed LIC Policy?
A policy is considered lapsed when you don’t pay the premium even after the grace period.
- Life cover stops
- Maturity & bonuses stop
- Premiums already paid may lose full benefit
👉 Revival helps you restore all these benefits.
How to Revive a Lapsed LIC Policy?
1. Online Revival
- Visit LIC’s Customer Portal
- Login with your policy number & credentials
- Check Revival Quotation
- Pay premium + late fee online
- Track Revival Status online
How can I revive my lapsed LIC policy online, LIC revival quotation online, LIC policy revival status
2. Offline Revival (LIC Branches in Gurgaon)
- Visit nearest LIC branch in Sector 14, Sector 44, Sohna Road, or Palam Vihar
- Fill Form 720 (revival request) or Form 680 (special revival)
- Pay unpaid premium + interest
- Submit medical reports if required
- Get confirmation of revival
Revival of lapsed policy form 720, Revival form 680, LIC Gurgaon phone helpline
Revival Options in LIC
LIC offers 5 ways to revive a policy:
- Ordinary Revival – Pay all arrears with interest.
- Special Revival – Change policy start date & pay one premium.
- Installment Revival – Pay revival dues in EMIs.
- Loan-Cum-Revival – Use policy loan to pay dues.
- Survival Benefit-Cum-Revival – Adjust dues against survival benefit.
Guidelines for policy holders
LIC Lapsed Policy Revival Scheme 2025
LIC regularly launches revival campaigns to encourage policyholders to restart their lapsed policies.
- Discount on late fees & interest (up to 30%)
- Valid for a limited period only
- Applies to select traditional & endowment policies
LIC lapsed policy revival scheme 2025
LIC Policy Revival After 5 Years
- Revival is allowed only within 5 years from first unpaid premium.
- After 5 years, policies cannot be revived.
- Alternatives available:
- Surrender policy (get surrender value)
- Convert to paid-up policy (reduced benefits)
- Buy a new policy
LIC policy revival after 5 years, Lapsed LIC policy refund
Alternatives to Revival
If you don’t want to revive:
- Surrender Value – Get partial money back. Use our Surrender Value Calculator.
- Paid-Up Policy – Keep reduced cover without paying further premiums.
- New Policy – Start fresh at current premium rates.
- LIC surrender value calculator
LIC Revival Calculator (Late Fee & Interest)
Wondering how much revival will cost?
👉 Use our Revival Calculator:
- Enter policy number, premium, lapse months
- Get pending premium + late fee instantly
[Request Personalized Revival Quote – Free]
What is the revival late fee in LIC?
LIC Gurgaon Helpline & Branches
For quick support in Gurgaon:
- 📞 Helpline: 1251 or call local branch directly
- 📍 LIC Branches: Sector 14, Sector 44, Sohna Road, Palam Vihar
LIC Gurgaon phone helpline, quick and reliable support
Required Forms & Documents
- Form 720 – General revival form
- Form 680 – Special revival cases
- Declaration of Good Health (DGH) – For longer lapsed policies
- Policy bond, ID proof, medical tests if required
[📥 Download LIC Revival Forms]
LIC revival forms, DGH
Step-by-Step Revival Process
- Check if your policy is within 5 years of lapse.
- Get revival quotation online or at branch.
- Fill revival form (720/680).
- Pay pending premiums + interest.
- Submit medical/DGH if needed.
- Track revival status online.
FAQs on LIC Policy Revival
Q1. Can I revive my LIC policy online?
➡ Yes, through LIC’s customer portal by checking quotation and paying online.
Q2. What is Revive Policy?
➡ Revival means restoring benefits of a lapsed LIC policy by paying overdue premiums.
Q3. Can I revive a lapsed policy?
➡ Yes, within 5 years of the first unpaid premium.
Q4. क्या मैं अपनी एलआईसी पॉलिसी को ऑनलाइन पुनर्जीवित कर सकता हूं?
➡ हाँ, आप LIC पोर्टल से ऑनलाइन पुनर्जीवित कर सकते हैं।
Q5. क्या मैं एक व्यपगत पॉलिसी को पुनर्जीवित कर सकता हूं?
➡ हाँ, यदि यह 5 वर्षों के भीतर है।
Q6. What is LIC revival?
➡ It is the process of restoring a lapsed LIC policy.
Q7. What is the revival late fee in LIC?
➡ Late fee is interest on unpaid premiums (usually 8–10% p.a.).
Q8. Who is benefited in policy revival?
➡ Policyholder & their family, since coverage is restored.
Q9. What is revival payment?
➡ The total of overdue premiums + late fees to reactivate policy.
Q10. How to revive reduced paid-up LIC policy?
➡ Pay pending dues + interest within 5 years.
Q11. Can I get money from a lapsed policy?
➡ Only surrender value, not full premiums.
Q12. Can you reactivate a lapsed policy?
➡ Yes, within 5 years.
Q13. Can we surrender a lapsed LIC policy?
➡ Yes, if it has acquired surrender value.
Q14. एलआईसी में डीजीएच के साथ पुनरुद्धार क्या है?
➡ लंबे समय से व्यपगत पॉलिसी के लिए स्वास्थ्य प्रमाणपत्र देना ज़रूरी है।
Q15. एलआईसी में कितना सरेंडर वैल्यू कैलकुलेट किया जाता है?
➡ यह आपके प्रीमियम भुगतान और बोनस पर आधारित होता है।
Q16. क्या मैं अपनी एलआईसी पॉलिसी को ऑनलाइन नवीनीकृत कर सकता हूं?
➡ हाँ, LIC पोर्टल पर लॉगिन कर सकते हैं।
Q17. पुनरुद्धार अवधि क्या है?
➡ अधिकतम 5 साल।
Q18. क्या मैं व्यपगत बीमा पॉलिसी को पुनः आरंभ कर सकता हूं?
➡ हाँ, लेकिन LIC की शर्तों के अनुसार।
Why Choose InsuringGurgaon.com?
We help Gurgaon customers with:
- ✅ Free revival fee calculation
- ✅ Filling forms 720/680
- ✅ Assistance in LIC revival scheme 2025
- ✅ Quick LIC branch support in Gurgaon
👉 Don’t lose your LIC benefits – revive today.