Thanks for your reply.
Please give your suggestions on following queries:
Whether it is necessary for bank to treat this account as NPA or not since limitation as per NPA Norms has been expired and whether payment of LIC premium by me would make any difference in this regard?
As I know period of limitation is three years which will be expired on 8/10/2010, in this case I want to know, payment by LIC directly to the bank has created any enforceable right (from the date of payment) to bank ?
Bank has requested to renew the account, is it necessary to renew this type of account as more than 5 years have passed whether it would give nay benefit to me.