New Revival Installment Acceptance Letter Has Also Been Introduced.
It's critically important to send the the said letter to the insurant once revival request is approved and letter is generated.
This letter clarifies the terms & condition of revival installment Insurant has to pay revival installment within the due date of payment
i.e. the 1st day of the following month when first installment is paid i.e. in case first installment paid on any day of Dec-19, next installment will be due on 1st Jan-2020.
If insurant doesn't pay installment within due date, then payment made as first installment will move into revival suspense and a fresh revival request will have to be initiated.
Hence, request all to ensure that the revival acceptance letter is invariably sent to the insurant by the concerned CPCs.
With regards
PLI Directorate.
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