Waiver on default fee on revival of lapsed PLI RPLI policy upto 30.11.2023

                           

Hurry – PLI has launched a special Waiver drive on default fees on the revival of lapsed PLI & RPLI policy up to 30.11.2023.

PLI Revival drive

Hurry the revival period has been extended now till 30.11.2023.

PLI policy revival drive

Sub: Waiver on default fee on the revival of a lapsed PLI/RPLI policy upto 30.11.2023.
 The following exemptions will be applicable on the revival of lapsed PLI/RPLI Policies:-
a. The waiver shall apply on the default/late fee only, on payment of revival premium in a lapsed PLI/RPLI policy (only on revival of a policy not on reinstatement). However, the maximum waiver amount that can be given various in table:
Total Premium Receivable for all type of PLI/RPLI Policies on account of revival Concession/Waiver in Late/Default Fee Maximum limit of Concession/Waiver in late fee restricted to
Up to ₹ 1,00,000/- 25% ₹ 2500/-
From ₹ 1,00,001/- to ₹ Up to 2 3,00,000/- 25% ₹ 3000/-
From ₹ 3,00,001/- and above 30% ₹ 3500/-

Also Read:- 
Source- Postal life insurance.

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