Why Insurance Revival​ ?

Let’s explain with the help of an example. Mr. A bought a life insurance policy last year. He forgot to pay its premiums and the policy lapsed due to it. After a few months from it, he met with an accident and died on the spot. As the policy was inactive, the nominee was unable to claim its benefits. If he had revived the policy earlier, the nominee would have received the necessary coverage to meet his/her future expenses.