Term insurance plans cover pure risk and provide a substantial life insurance cover for a nominal amount. In the industry, these plans are commonly positioned as a safeguard for the breadwinner of the family against life’s unfortunate circumstances such as death or disability.

LIC gives a unique opportunity for policyholders to revive their lapsed policies,’ the insurance behemoth tweeted.

Multi-year policies are a great way to top up your savings and strengthen the financial safety net that health insurance provides.