LIC steps up response to combat the impact
of COVID-19
In
the wake of the corona virus pandemic, people are facing unforeseen
difficulties.
March and April 2020, Life Insurance Policy grace period
extended..!
To
mitigate the hardships being faced by policyholders in payment of premium, LIC
has announced that for all policies, where premium is due in the month of March
and April 2020, grace period has been extended by one month.
For
February premiums where grace period was expiring after 22nd March, relaxation
is allowed up to 15th April.
Further,
wherever policies can be revived without any evidence of good health, this can
also be done online.
LIC’s
policyholders can pay premiums through any of LIC’s digital payment options
without any service charge.
Policyholders
do not need to register on the website for paying premium but can directly pay
by giving basic details.
Premiums
can also be paid by downloading mobile app LIC Pay Direct.
Policy
premiums are accepted through Net banking, Debit Card, Credit Card, and on
payment apps such as Paytm / PhonePe / Google Pay/ BHIM /UPI etc.
Premiums
can also be paid at all IDBI and Axis Bank branches and in cash through Common
Service Centres (CSC), operating at block level.
Death claims arising due to COVID-19..!
LIC
of India has assured its policyholders that the Death claims arising due to
COVID-19 shall be treated at par with other causes of death and payments shall
be made on an urgent basis.
Corona
virus has already claimed many lives and efforts are being made by LIC
officials to locate Covid-19 victims on the basis of lists provided by government
authorities to help the families.
Already
death claims due to COVID-19 under 16 policies have been settled without losing
any time.
During
the previous financial year, LIC has settled more than 7.5 lakh death claims
with only 0.75 % of the total death claims reported remaining outstanding.
LIC
has also ensured that policy payments like Survival Benefit, Policy Maturity
and Annuities are made to policyholders on due date by crediting the amount
into the bank account registered with LIC. These payments were more than two
crores in numbers in FY 2019-20.
LIC
is taking every possible step to ensure that people stay covered through
insurance during these difficult times.
LIC’ online plans
In
addition to providing facilities for online premium payments for existing
policies, LIC has made five plans available online and these can be purchased
with ease while at home.
These
plans are LIC’s Tech Term, which is a Pure Protection Plan, LIC’s Jeevan Shanti
Annuity plan, LIC’s Cancer Cover, LIC’s SIIP and Nivesh Plus – the last two
being ULIP plans which are available at very attractive NAV. To respond to
frequently asked queries, LIC has released COVID-19 information for the public
on its website.
LIC
Policyholders can visit the website https://licindia.in
for enquires and online services like Premium Payment, Buy policy online etc.
Also,
Policy Status, Bonus Status, Loan Status, Claims Status, Revival Quotation,
Premium Due Calendar, Premium Paid Certificate, Claim History, etc. can be
viewed by registered portal users.
LIC
offices are operating with skeletal staff, whenever feasible, within the
restrictions imposed by the local authorities.
All
other employees are working from home to ensure that customer services are
provided normally to the extent possible under current circumstances.
LIC’s
focus is on what best can be done to mitigate the hardships created by the
current challenges to combat COVID-19.
LIC
was created keeping in mind the welfare of the nation and its citizens, and we
stand committed to our objectives and responsibilities.
No comments:
Post a Comment