LIC Policy Revival Calculator LIC Policy Revival Calculator Estimate the cost to revive a lapsed LIC policy — the arrears of premium plus interest at LIC's current rate. Date of First Unpaid Premium (FUP) Date of revival Defaults to today. Instalment premium (₹) One premium for your payment mode, excluding GST. Premium payment mode Yearly Half-yearly Quarterly Monthly Interest rate (% per year) LIC current revival/arrears rate 9.50%, compounded half-yearly (circular Actl/PS/2304/4). Minimum interest ₹5. Calculate revival cost ← All LIC calculators