Revival Scheme

• The policy lapses if premiums are not paid within the allotted grace period (refer Policy Terms & Conditions)
• A revival is a NOVATIO i.e. fresh contract thus, the Corporation is entitled to impose fresh terms and conditions where applicable
• Revival may be effected under any of the four schemes given below, whichever is applicable:

1. Survival Benefit (SB)-cum-Revival
   The SB Claim may be processed to deduct Arrears of Premium with Late fee, Loan and Interest on Loan.
   
   Requirements:
   - Discharge Form for Claim
   - Original Policy Document
   - Health Declaration form
   - Medical Form (if required)
   - Copy of Bank Statement
   - Copy of valid photo ID
   
2. Loan-cum-Revival
   A loan is calculated assuming the premium status is up-to-date and then processed to deduct the Arrears of Premium and Late Fee.
   
   Requirements:
   - Loan Application Form
   - Original Policy Document
   - Health Declaration Form
   - Medical Form (if required)
   - Copy of bank statement
   - Copy of valid photo ID
   
3. Ordinary Revival
   The full Arrears of Premium and Late Fee is remitted directly for the revival of policy.
   
   Requirements:
   - Full premium plus late fee as applicable
   - Request letter for revival
   - Health Declaration Form
   - Medical Form (if required)
   
4. Special Revival
   Under this scheme, the Date of Commencement of policy is shifted forward to reduce the amount of Arrears of Premium and Late Fee provided:
   • Last due date of premium (or First Unpaid Premium) is more than six months but within 3 years from the current date
   • Number of premiums already paid does not exceed 3 years.

Requirements:
- Request letter for revival
- Original Policy Document
- Health Declaration Form
- Medical Form (if required)