The waiver on default fees was approved for policy revival.
Waiver limits:
₹1,00,001 to ₹3,00,000: 25% (max ₹3,000)
Above ₹3,00,001: 30% (max ₹3,500)
Up to ₹1,00,000: 25% (max ₹2,500)
Focus on policies lapsed in the last five years.
Promotion through various media channels encouraged.
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