Nepal Life’s Lapsed Policy Renewal: Up to 100% Discount
30th April 2026, Kathmandu
Nepal Life Insurance Company Limited has introduced a significant late fee waiver scheme under its special Insurance Revival Campaign.
Nepal Life’s Lapsed Policy
Launched to celebrate the company’s Silver Jubilee, this initiative is designed to help policyholders rejoin the insurance net with minimal financial burden. The revised scheme is active from Baisakh 17, 2083, and will remain open until Jestha 5, 2083, providing a limited window for customers to take advantage of massive savings.
Tiered Discounts on Late Fees
The primary highlight of this campaign is the aggressive discount structure aimed at long-term lapsed policies. Nepal Life Insurance understands that the accumulation of late fees can often discourage people from reviving their old plans. To solve this, they have categorized the discounts based on how long the policy has been inactive.
The specific discount tiers include:
A 100% discount on late fees for policies that have been lapsed for up to 5 years, applicable to selected insurance plans.
A 50% discount on late fees for various other policy types that have been inactive for up to 5 years.
A 25% discount on late fees for policies that have remained inactive for more than 5 years.
These tiered benefits ensure that even those who have been away from their insurance commitments for a long period can still find a cost-effective way to restore their coverage.
Eligibility Criteria for Policy Revival
Not every inactive policy is immediately eligible for these specific discounts. Nepal Life Insurance has set clear parameters to ensure the campaign reaches those who truly need it while maintaining the sustainability of the insurance fund.
To qualify for the late fee waiver, the following conditions must be met:
The policy must have been in a lapsed state for at least 180 days prior to the application for revival.
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There must be at least 1 year of coverage remaining between the date of revival and the original maturity date of the policy.
This specialized discount can be utilized only once during the entire lifecycle of the insurance policy.
By adhering to these rules, the company ensures that the focus remains on long-term protection and consistent future premium payments.
Important Clauses Regarding Policy Surrender
While the company is offering generous waivers, there are specific terms designed to encourage policyholders to keep their restored plans active. The discount is intended for those who wish to continue their insurance journey, not for those looking for a quick exit. If a policyholder chooses to surrender a recently revived policy, the discount amount may be reversed.
Specifically:
Policies revived with a 100% discount must not be surrendered within 3 years of the revival date.
Policies revived with a 50% or 25% discount must not be surrendered within 2 years of the revival date.
If these conditions are breached, the amount of the discount previously granted will be deducted from the final surrender value. This clause acts as a safeguard, ensuring that the benefits of the Silver Jubilee campaign translate into genuine long-term financial security for the insured.
Why You Should Revive Your Insurance Policy Today
A lapsed insurance policy means the loss of critical benefits, including death cover and potential bonuses. Reviving your policy during this campaign is not just about saving on late fees; it is about reclaiming the safety net you once built. Nepal Life Insurance, being a market leader, offers one of the most reliable claim settlement records in the country. Reinstating your plan now allows you to benefit from the bonuses accumulated over the years and ensures that your beneficiaries are protected in case of unforeseen circumstances.
Conclusion: Secure Your Protection Before the Deadline
The Nepal Life Insurance Lapsed policy revival campaign is a golden opportunity for anyone who has fallen behind on their financial planning. With discounts reaching up to 100%, there has never been a better time to clear your dues and bring your insurance back to life. Remember, the deadline for this special offer is Jestha 5, 2083. Visit your nearest Nepal Life Insurance branch or contact your agent today to calculate your exact discount and take the first step toward restoring your peace of mind. Don’t let a temporary lapse become a permanent loss of protection.
For More: Nepal Life’s Lapsed Policy
