LIC Eases Claims Settlement Requirements Due to Surge in COVID-19 Cases in India

New Delhi- Due to the coronavirus spreading like wildfire every day, the Life Insurance Corporation of India (LIC) has announced relaxations in several claim settlements requirements.

In annuities with the return of capital, the insurers have pardoned verifications of life certificates for annuities due till October 31st, 2021. They will still accept life certificates sent through emails in other cases. 

Where a death occurs in a hospital, in lieu of the municipality-issued death certificate, the insurer has allowed alternative proofs of death.

LIC is also allowing life insurance verifications through video calls. 

For claim settlement in a servicing branch, submission of documents has been allowed in any nearby LIC office for due claims. 

LIC also stated that from May 10th, 2021, LIC's working hours will be from 10:00 AM to 5:30 PM, Monday to Friday.

As the cases of the COVID-19 infection seem to be skyrocketing and spiraling out of control with every passing day bringing the overburdened healthcare infrastructure on a brink of collapse, India on Friday recorded 4.01 lakh fresh cases of COVID-19 taking the active caseload to 37,23,446. In the last 24 hours, 4,187 COVID-induced fatalities were reported, the highest single-day spike recorded in the country so far. The total death toll now stands at over 2.38 lakh. Yesterday, for the fourth consecutive day, India recorded more than four lakh cases, taking the total caseload up to 2,20,16,600. There are 37,42,000 active cases and a total of 2,39,000 deaths. 

India, in an attempt to ramp up the vaccination drive, has procured COVID-19 injections from other parts of the world like Russia's Sputnik-V to include it in their vaccination list alongside the indigenous COVAXIN and COVISHIELD.

Meanwhile, Assam recorded 5,600 cases, taking the total cases in Assam up to 2,83,300. 47 deaths were also recorded in Assam, taking the total death toll to 1,578. 

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