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Jagan asks officials not to delay payment of YSR Bima benefits
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‘Changes made to ensure smooth claim settlement will be implemented from July 1’
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Chief Minister Y.S. Jagan Mohan Reddy addressing a review meeting on the YSR Bima scheme on Wednesday.
‘Changes made to ensure smooth claim settlement will be implemented from July 1’
Chief Minister Y.S. Jagan Mohan Reddy on Wednesday asked the officials to implement the amendments done to the YSR Bima scheme from July 1, wherein the government would directly provide financial assistance to the kin of the deceased.
A sum of ₹1 lakh would be paid, if the breadwinner of the family in the age group of 18 to 50 years dies a natural death, and ₹5 lakh if the beneficiary aged between 18 and 70 years dies in an accident.
How to file a life insurance claim for a missing person
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In case of reasonable proof of loss and clear circumstances for the occurrence of death, the claim can be settled before 7 years
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MUMBAI: Many people go missing every year in cyclones, incessant rains, cloud bursts and landslides. Claiming insurance for a missing person can be slightly tricky as it is uncertain whether the person is dead or alive.
If the missing person is the breadwinner and has a life insurance policy, the family can get financial support by claiming life insurance. But how does one go about declaring a missing person dead to initiate a life insurance claim?
LIC Eases Claims Settlement Requirements Due to Surge in COVID-19 Cases in India
Due to the coronavirus spreading like wildfire every day, the Life Insurance Corporation of India (LIC) has announced relaxations in several claim settlements requirements.
| 8 May 2021 2:35 PM GMT
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.