13/01/2026
A lapsed insurance policy is a policy that ended or became inactive because premiums were not paid within the allowed grace period.
What happens when a policy lapses?
❌ No coverage – claims are not payable
❌ Benefits are suspended (life, health, critical illness, riders)
❌ Fund value may stop growing (for VUL/traditional plans)
Common reasons for lapses:
Missed or delayed premium payments
Change in bank/card details
Financial priorities shifted
Forgetting the due date
Can a lapsed policy be restored?
Yes, most policies can be reinstated, depending on:
How long it has been lapsed
Payment of missed premiums
Possible health declaration or medical exam
Approval by the insurance company
Why reinstating is better than getting a new policy
✅ Keeps your original age (lower cost)
✅ Avoids new contestability period
✅ Retains accumulated benefits (if applicable)
If reinstatement is no longer possible,
You may need to apply for a new policy, subject to:
Current age and health condition
New underwriting and waiting periods.
Remember why you got yourself a life insurance policy.
It wasn’t just a plan — it was a promise to protect the people you love, no matter what happens. Please keep it in force.
A reminder from
