Life Insurance Corporation of India (LIC) has rolled out a number of relaxations relating to the declare settlement necessities to make the entire course of hassle-free and straightforward for its clients. The state-run life insurer launched the relaxations after considering the security of its clients amid Covid-19’s second wave in India.
Alternate proofs of death allowed
LIC has allowed alternate proofs of death as a verification technique if the insured particular person dies inside hospital premises. Besides the municipal death certificates, the other proof of deaths that at the moment are accepted by LIC embody, a death certificates, discharge abstract/death abstract containing clear date and time of death issued by authorities/ESI (staff’ state insurance coverage) /armed forces/company hospitals and counter-signed by LIC class I officers or improvement officers of 10 years standing.
To declare the insurance coverage cash, the death proof should be submitted together with a cremation/burial certificates or genuine figuring out receipt issued by the related authority.
Submit paperwork at any close by LIC workplace
LIC can be permitting its clients to submit the paperwork in any close by LIC workplace for due maturity/survival profit claims, in order that they should journey much less amid the second wave of the Covid-19 pandemic.
Other measures taken by LIC:
– You can now procure certificates by a video name course of.
– Customers can create NEFT report online. They can submit their data through the shopper portal for quick settlement.
– Insurance consumers can go to its official web site for purchasing insurance coverage policies, cost of renewal premium, making use of for loans, compensation of mortgage and mortgage curiosity and change of tackle, amongst others providers.
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