LIC eases claim settlement document requirements amid COVID-19 crisis

In the wake of Coronavirus outbreak, Life Insurance Corporation of India (LIC) has relaxed the documents required for claims settlements.

The life insurer said in a statement that in case the kin doesn't have the Municipal death certificate due to delays, a set of alternate proofs of death will be permitted. These include death certificate, discharge summary with details of the clear date and time of death.

Further, LIC will also accept the death summary with time and date of death issued by the government, Employee State Insurance Corporation, armed forces and corporate hospitals.

However, this document must be counter-signed by LIC class I officers or development officers of 10 years standing along with cremation/burial certificate or authentic identifying receipt issued by the relevant authority.

LIC said that some flexibility will also be offered for maturity claims. Here, submission of documents has been allowed in any nearby LIC office for due maturity/survival benefit claims.