LIFE INSURANCE: LAPSED POLICY? BEWARE OF HOAX CALLS: Frauds related to lapsed life insurance policies are on the rise with spurious calls being made to policyholders to help revive such policies. While insurers are putting in place various measures to handle complaints regarding such spurious calls, individuals must ensure that their life policies remain active and the premiums are paid on time. In case the policy lapses, one must approach the insurer directly to revive the policy after fulfilling all the conditions.
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