A. Yes, an SBI Life policy can be revived even after it lapses if it follows the following procedures:
Within 6 months of the First Unpaid Premium: If the policyholder pays all unpaid premium arrears with interest, then the policy is reinstated without the need of any health check-up.
After 6 months of the First Unpaid Premium: If the policyholder pays up all remaining premium arrears with interest, then the policy can be reinstated on submitted requisite proof of good health.