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According to the State Bank of India website, policies that have expired under the SBI Life Revival Fair can be reinstated. In addition to this, you can also take advantage of a 100% discount on overdue premiums. Revoked policies will be reinstated for a couple of years. Please note that the last day to update the policy is September 30th.
If you are interested in this scheme, you can log on to https://mypolicy.sbilife.co.in/Campaign/RevivalQuotation.aspx to process your application. You will need to enter your policy number, registered mobile phone number, and registered email ID. After entering all the information, proceed to the payment section where you can complete the entire process.
The State Bank of India, as well as the Indian Life Insurance Corporation (LIC), offers clients the opportunity to reinstate expired insurance policies. Insurance companies are giving them the opportunity to resume insurance through a special revival campaign until October 9. However, the expiration date of insurance premiums must not exceed 5 years. Separately, late fee exemptions are also given to LIC policyholders.
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