LIC pension policyholders can submit life certificate via email
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Last Updated: May 12, 2021, 10:36 AM IST
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Synopsis For Annuities with return of capital options, production of life certificates is waived for annuities due up to 31.10.2021, besides accepting life certificates sent through email in other cases, LIC said in a press release.
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In the wake of the second wave of the coronavirus, the Life Insurance Corporation of India (LIC) has allowed annuity holders to submit their life certificate via email. For Annuities with return of capital options, production of life certificates is waived for annuities due up to 31.10.2021, besides accepting life certificates sent through email in other cases. LIC has also introduced Life certificate procurement through video call process, stated an LIC press release issued on May 7, 2021.
Highlights
More than 3 lakh new daily COVID-19 cases.
LIC to facilitate speedy settlement of death claims.
New Delhi: LIC has given several relaxations in various claim settlement requirements to make the processes easier and hassle free in the wake of the current COVID-19 pandemic situation.
For Annuities with return of capital options, production of life certificates is waived for annuities due up to October 31, 2021, besides accepting life certificates sent through email in other cases. LIC has also introduced Life certificate procurement through video call process.
Among other facilities, in order to facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital, in lieu of Municipal death certificates, LIC has allowed alternate proofs of death.
Highlights
More than 3 lakh new daily COVID-19 cases.
LIC to facilitate speedy settlement of death claims.
New Delhi: In the wake of the second wave of the COVID-19 Pandemic, Life Insurance Corporation of India (LIC) has come out with various relaxations in different claim settlement requirements to make the processes easier and hassle free for its policy holders.
India is facing the world s worst outbreak of COVID-19 cases with more than 3 lakh new daily COVID-19 cases being reported for two weeks now and the new cases reached more than 4 lakh new daily cases over the weekend.
In order to facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital, in lieu of Municipal death certificates, Life Insurance Corporation of India has allowed alternate proofs of death.
Excelsior Correspondent
JAMMU, May 7: In the current pandemic situation, keeping in view the safety of its customers, LIC has announced relaxations in various claim settlement requirements to make the processes easier and hassle free.
A spokesman of the LIC said that to facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital, in lieu of Municipal death certificates, LIC has allowed alternate proofs of death such as: death certificate, discharge summary/ death summary 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 alongwith Cremation/Burial certificate or authentic identifying receipt issued by the relevant authority.