Tata AIA Life has launched a 'Revive' option to reinstate lapsed insurance policies.
As part of the endeavour, the customers of Tata AIA Life (subject to terms and conditions of the offer period) will not be charged any interest to renew their life insurance policies.
This initiative, valid till March 31, 2015, is being extended to select customers whose premium due date is between April 2012 to January 2015 (subject to terms and conditions). The customers are not required to submit any health declaration certificate for reinstatement.
Amitabh Verma, Chief Operating Officer, Tata AIA Life said, "Revive will provide an opportunity to our customers to renew their life insurance policy with the additional benefit of 100% interest and health certificate waiver during this period."