Policy Reinstatement Process
Why Policy Reinstatement is important?
- A lapsed policy does not provide any coverage or financial security.
- *Without reinstatement, lapsed policy does not provide other financial benefits.
- *Policy holder may take a loan against an in force policy.
- *Policy holder receives maturity value from an in force policy. For some policies, partial maturity in addition to maturity value is applicable.
How to reinstate the policy?
- Policies lapsed in last five years can be reinstated. For some policies, this time limit is 3 years.
- A properly filled reinstatement form is required.
- Contact our Call Center or visit the nearby Customer Touch Point to know the amount of your pending premium.
- All the underwriting guidelines will be applicable in the reinstatement process.
To reinstate the lapsed policy, contact our call center at 16344 (9:00 am to 6:00 pm) or your Financial Associate.
*Terms and Conditions apply
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