Why Not Mint Money

159: How to revive a lapsed life insurance policy

Episode Summary

An insurance policy lapses when you stop paying the premiums on the due date and during the 30 days of grace period. Depending on the nature of the policy, it could either lapse automatically or allow a window for revival. Insurers launch revival campaigns from time to time and also allow a window of two years to revive the polices. We tell you how to go about it

Episode Notes

An insurance policy lapses when you stop paying the premiums on the due date and during the 30 days of grace period. Depending on the nature of the policy, it could either lapse automatically or allow a window for revival. Insurers launch revival campaigns from time to time and also allow a window of two years to revive the polices. We tell you how to go about it