Asian Life Insurance Company has announced a special policy revival campaign, offering policyholders up to 100% waiver on interest charges when reinstating lapsed insurance policies. The scheme is available from Jestha 20, 2083, to Ashar 19, 2083.
The offer applies to policies that had become fully lapsed due to non-payment of premiums for more than six months as of the end of Baisakh 2083.
Interest Waiver Structure
| Lapsed Policy Period | Interest Waiver |
|---|---|
| Policies lapsed since Jestha 20, 2081 (up to 2 years) | 100% Interest Waiver |
| Policies lapsed since Jestha 20, 2078 (up to 5 years) | 50% Interest Waiver |
| Policies lapsed before Jestha 20, 2078 (more than 5 years) | 25% Interest Waiver |
Offer Period
| Particulars | Date |
|---|---|
| Offer Starts | Jestha 20, 2083 |
| Offer Ends | Ashar 19, 2083 |
| Eligible Policies | Fully lapsed policies due to unpaid premiums |
Important Conditions
- The interest waiver is available only during the campaign period.
- Policies with less than two years remaining until maturity are not eligible for the discount.
- Policyholders who have previously received an interest waiver benefit will not qualify for the concession again.
- Revival must be completed according to the company's prescribed procedures and requirements.
Benefits for Policyholders
| Benefit | Impact |
|---|---|
| Policy Reinstatement | Restores insurance coverage |
| Interest Savings | Significant reduction in revival costs |
| Financial Protection | Maintains long-term insurance benefits |
| Policy Continuity | Prevents loss of accumulated policy value |
Key Takeaway
This limited-time campaign provides an opportunity for Asian Life Insurance policyholders with lapsed policies to reactivate their coverage at a reduced cost. Customers reviving policies lapsed within the last two years can receive a full 100% waiver on interest charges, making it the most attractive category under the scheme.
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