Life Insurance Corporation of India (LIC) on Friday said it has relaxed its claim settlement process for Air India plane crash victims in Ahmedabad and also expedite the process. “LIC has announced many concessions to mitigate the hardships of the claimants of LIC policies. In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by central/state government /airline authorities will be accepted as proof of death,” the insurance company said in a statement.
Recent Posts
- Edme Insurance Brokers appoints Nitin Firke as MD, Reinsurance
- Creating realistic deepfakes getting easier than ever, fighting back may take even more AI
- Insurance premium for aircraft expected to go up, says IndiGo CEO
- Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
- Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
Categories
- Articles
- Banking & Bancassurance
- Blog
- Breaking News!
- Briefs
- Climate, Environment, Renewable Energy
- Data
- Disaster & Management
- Eco/Invest/Demography
- Editorial
- Events
- Facts
- Features
- Health
- Indian News
- Intermediaries
- International News
- Interviews
- Life
- Main Menu
- Non-Life
- Pandemic
- Pension & Social Security
- Policy
- Regulation
- Reinsurance
- Risk Management
- Simple
- Technology
- Trends, Facts
- Uncategorized
- Wealth Management/ Philanthropy
- Workplace/Employee Benefits