A lapsed policy can be revived by paying the outstanding premiums, proof of continued renewability and
a revival fee of Rs. 250.
You will have the option to reinstate the policy with - in 2 years from the date of first unpaid premium by paying all the due premiums plus interest on delayed premiums at the rate of 9 % p.a compounded monthly along with
the revival fee of Rs 250 plus taxes.
However, to revive the policy, you still will have to pay the dues (last year's unpaid premium) with interest and sometimes
a revival fee, too.
To revive the policy, one has to not only pay the unpaid premium amount but may also have to pay
a revival fee, interest charges (not applicable in Ulips), penalty and medical costs, if any.
Not exact matches
Should anyone die, players will have to go to a town and pay a hefty
fee for
revival.
Layaway 2013: Survives recession's end, but evolves — Compare
fees and policies for the old - fashioned holiday financial helper, which enjoyed a
revival during the recession and shows every sign of sticking around... (See Layaway)
In case of suicide committed in a year of buying a plan or in twelve months from the date of plan's
revival, only the Fund
fee, such as any top - up premium Fund price is paid to the nominee.
Funding gaps are also spurring the
revival of an old financing structure in which an owner slices off a portion of the property's net operating income and sells it as a
fee position.