India-based private insurer Reliance Life Insurance Company (RLIC) has rolled out a new plan to restore lapsed policies for its policyholders.
The new plan will allow RLIC policyholders to extend their lapsed policies by simply paying their due premium, without any penalty or medical tests.
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Offered up to 30 November 2013, the new revival opportunity will be available across all Reliance Life Insurance plans and extended to every policyholder across the country.
Reliance Life Insurance CEO, Anup Rau, said: "With this initiative, we are offering our valued customers an opportunity to renew their lapsed policies and help them avail all policy advantages."
Rau added that the interest charge on due premium, medical tests (subject to conditions) and documents has been temporarily removed with an aim to bring back their customers into the life insurance fold with all protection and other benefits.
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