Revival of a life insurance policy means

A. Forcing a policy to lapse

B. Reinstating a lapsed policy

C. Not paying the premiums

D. Non-settlement of claim monies

Answer: Option B

Solution(By Examveda Team)

Revival of a life insurance policy means reinstating a lapsed policy. The documentation requirements for revival or reinstatement of a policy depend on the time elapsed between the date of lapsation and the date when the request for revival has been made by the policyholder.