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    Pradeep Singh v. Legal Department of ICICI prudential Life Insurance Company Ltd.

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    A Policy which has lapsed for non-payment of premium within the grace period may be revived subject to underwriting and the following conditioins:a) The application for revival is made within 2 years from the due date of the first unpaid premium and before the termination date of the Policy. Revival will be based on the prevailing Board approved underwriting policy.b) you furnish, at your own expense, satisfactory evidence of health as required by Us.c) The arrears of Premiums together with interest at such rate as We may charge for late payment of premiums are paid.d) The revival of the Policy may be on terms different from those applicable to the Policy before it lapsed for example, extra mortality premiums or charges may be applicable subject to our Board approved underwriting policy.e) We reserve the right to refuse to re-instate the Policy.In that case, only the premiums paid towards the re-instatement of the policy shall be refunded without any interest.f) The revival will take effect only if it is specifically communicated by us to you. Free Look Period

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    Pradeep Singh v. Legal Department of ICICI prudential Life Insurance Company Ltd.
    (Feb 20, 2025)