LIC policy Claim Settlement

LIC eases policy claim settlement process

Finance Insurance Uncategorized

To mitigate the hardships faced by customers due to the outbreak, national insurer LIC on Thursday said policy holders can follow their maturity claim documents at their nearest LIC office any place in the nation till the close of the calendar month.

Thus, LIC said its 113 divisional offices, 2,048 branches, 1,526 satellite offices, and 74 customer zones are going to get maturity claims from policyholders aside from this servicing division of their policy.

The center is currently really on trial today and can be effective immediately. It’s going to continue till March 31, LIC explained.

Nevertheless, the true claim payment will be processed with the servicing division only, ” it said, adding that this record transfer will probably soon be managed by the division at which it’s been submitted.

All officers were especially authorised to ease that claim settlement procedure, that the IPO-bound insurer said, adding a policy could walk into some one of the above mentioned offices and also request the legal officer for help.

When a policy holder is in 1 city and also the policy record is in the other town, then a records could be deducted separately in two distinct places.

LIC now services more than 2-9 crore policies all over the country.

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