Many policyholders unknowingly make mistakes that reduce the effectiveness of their LIC coverage. This blog highlights the 5 most common errors—like underinsuring, missing premium deadlines, not updating nominees, ignoring riders, and failing to disclose health conditions. Each mistake is explained with real scenarios and simple solutions to avoid them. We also guide readers on how to revive a lapsed policy, how to make a partial surrender (if allowed), and how to ensure that your family can easily claim the benefits in your absence. Written in a conversational tone, this blog is especially useful for existing policyholders who want to audit or upgrade their LIC plans. At LIC Office – Vineet Solanki, we believe that informed decisions today create security tomorrow—this blog reflects that vision. Many policyholders unknowingly make mistakes that reduce the effectiveness of their LIC coverage. This blog highlights the 5 most common errors—like underinsuring, missing premium deadlines, not updating nominees, ignoring riders, and failing to disclose health conditions. Each mistake is explained with real scenarios and simple solutions to avoid them. We also guide readers on how to revive a lapsed policy, how to make a partial surrender (if allowed), and how to ensure that your family can easily claim the benefits in your absence. Written in a conversational tone, this blog is especially useful for existing policyholders who want to audit or upgrade their LIC plans. At LIC Office – Vineet Solanki, we believe that informed decisions today create security tomorrow—this blog reflects that vision.