While the bearings on the router bits are the sealed type, it just means they have a dust shield that just keeps out most of the dirt. Dirt still finds a way to get past this & they can be lubricated. They sell a bearing lube just for this purpose. Here's a few links to some products I found on the Google for lubricating these types of bearings found on router bits. I have used some of these to get a bearing that feels a little sluggish to spin freely again.
Lubes
Bearing Lubricant - Rockler Woodworking Tools
MLCS Woodworking Accesories
Router Accessories
Lubes
Bearing Lubricant - Rockler Woodworking Tools
MLCS Woodworking Accesories
Router Accessories