New Delhi: In the wake of the second wave of the COVID-19 Pandemic, Life Insurance Corporation of India (LIC) has come out with varied relaxations in completely different claim settlement necessities to make the processes simpler and problem free for its coverage holders.
India is going through the world’s worst outbreak of COVID-19 instances with greater than 3 lakh new every day COVID-19 instances being reported for 2 weeks now and the brand new instances reached greater than 4 lakh new every day instances over the weekend.
In order to facilitate speedy settlement of death claims in the prevailing scenario the place death has occurred in a hospital, in lieu of Municipal death certificates, Life Insurance Corporation of India has allowed alternate proofs of death.
Death certificates, Discharge abstract/Death abstract containing clear date and time of death issued by Govt/ESI/Armed Forces/Corporate Hospitals and counter-signed by LIC class I officers or Development Officers of 10 years standing together with Cremation/Burial certificates or genuine figuring out receipt issued by the related authority.
In different instances, Municipal Death Certificate can be required as earlier.
For Annuities with return of capital choices, manufacturing of life certificates is waived for annuities due as much as 31.10.2021, moreover accepting life certificates despatched by way of electronic mail in different instances. LIC has additionally launched Life certificates procurement by way of video name course of.
To handle the difficulties skilled by policyholders in submitting paperwork required for claim settlement in servicing department, submission of paperwork has been allowed in any close by LIC office for due Maturity/Survival Benefit claims.
LIC has additionally enabled on-line NEFT document creation and submission for its prospects by way of buyer portal for fast settlement.
Further, all LIC workplaces will work from Monday to Friday between 10 AM to five:30 PM from tenth May, 2021 onwards.
For availing Online providers like Purchasing Insurance Policies, Payment of renewal premium, making use of for mortgage, reimbursement of mortgage and mortgage curiosity, change of handle, NEFT mandate registration, updating details of PAN and so on., policyholders can log on to www.licindia.in.
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