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LIC relaxes claim-settlement documentation process considering covid-19 outbreak

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NEW DELHI : Amid the second wave of the covid-19 pandemic, and keeping in view the safety of its customers, the Life Insurance Corporation of India (LIC) has further relaxed its claim-settlement procedures.According to a statement issued by LIC on 7 May, it has allowed the submission of alternative proof of death to facilitate speedy settlement of death claims in the prevailing situation where death has occurred in a hospital.

In place of municipal death certificates, claimants can now submit documents "such as death certificate, discharge summary/death summary containing a 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.

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