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What is the difference between life insurance reinstatement and revival?

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Wiki User
2004-11-26 00:08:25
2004-11-26 00:08:25

As per my knowledge both Reinstatement & Revival are two different terms for the same thing , definition of which is following :-- The process by which an insurer puts back into force a life insurance policy that has been terminated for non-payment of premiums or a life insurance policy that has been continued as an extended term or reduced paid-up insurance.

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When a insured person is not able to pay his/ her premium on time then his/her policy got surrendered by the insurance company. If after some time that insured person comes to company and ask to revive the policy then this revival/ reactivation is called reinstatement of the policy.

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A remake is, for example, a movie that is made over again with different actors. A revival is the movie brought back into main stream viewing with all original actors. Hope this answers your question.

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Revival has to do with bringing something back to life.To revive something simply means to restore it back to it's normal state of life.Crusade on the other hand is about making campaign about something.

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distinguish between ordinary revival scheme and special revival scheme

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A revival is a series of church services held in concession. Most times, a revival will be held for 5 days straight. The revival is to help revive the members of the church.


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