LIC has given a few relaxations in different case settlement prerequisites to make the cycles simpler and bother-free in the wake of the current COVID-19 pandemic circumstance. For Annuities with the return of capital alternatives, the creation of life authentications is postponed for annuities due up to October 31, 2021, other than tolerating life testaments sent through email in different cases. LIC has additionally presented Life authentication acquisition through video call measures.
Among different offices, to work with expedient settlement of death claims in the common circumstance where passing has happened in an emergency clinic, in lieu of Municipal demise declarations, LIC has permitted substitute verifications of death.
Demise testament, Discharge outline/Death rundown containing clear date and season of death gave by Govt/ESI/Armed Forces/Corporate Hospitals and counter endorsed by LIC class I officials or Development Officers of 10 years remaining alongside Cremation/Burial declaration or real distinguishing receipt gave by the important position. In different cases, Municipal Death Certificate will be needed as before.
To address the challenges experienced by policyholders in submitting archives needed for guaranteed settlement in the overhauling branch, accommodation of reports has been permitted in any close by LIC office for due Maturity/Survival Benefit claims. LIC has likewise empowered online NEFT record creation and accommodation for its clients through the client entrance for expedient settlement. For profiting Online administrations like Purchasing Insurance Policies, Payment of restoration charge, applying for credit, reimbursement of advance and advance interest, change of address, NEFT command enlistment, refreshing subtleties of PAN and so forth, policyholders can sign on to www.licindia.in.