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LIC POLICY SETTLEMENTS
PMJJBY disbursed Rs 17,600 crore to families since launch in 2015: LICThe Pradhan Mantri Jeevan Jyoti Bima Yojana is vital for the government's 'Insurance for All by 2047' goal. Launched in 2015, it offers lif...- Pahalgam tragedy: LIC announces special window for death claim settlements, how to file a death claim with LICPahalgam Terror Attack: Life Insurance Corporation of India has expressed grief over the loss of lives in Pahalgam and announced a special ...
- This LIC life insurance policy launched in February 2024 was withdrawn on April 1: Check surrender rulesLIC Dhan Vriddhi plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It...
- LIC customers: How to file maturity claim for LIC policy to get your moneyLIC customers have the option to electronically submit their documentation via the LIC site instead of physically submitting it. LIC is urg...
- SBI Life eases insurance claim settlement process for victims of Odisha train accidentTo ensure that the families of the impacted policyholders of the train tragedy receive the required support as well as to provide urgent fi...
- LIC death claim settlement: LIC announces relaxations for victims of Odisha train accidentLife Insurance Corporation of India (LIC) has declared relaxations for the Balasore railway catastrophe victims and will expedite claim set...
- LIC eases claim process norms for Odisha train accident victimsThe Corporation also announced many concessions to mitigate the hardships of the claimants of LIC policies and also of the Pradhan Mantri J...
- LIC Dhan Varsha life insurance policy will close on March 31, 2023; check detailsLIC Dhan Varsha is a Non-Linked, Non-Participating, Individual, Savings, Single Premium Life Insurance plan. You can buy this lfe insurance...
- Latest life insurance claim settlement ratio of companies in 2021A life insurance company may have a higher percentage of claim settlement by number of policies but a lower percentage when it comes to pay...
- LIC allows policyholders to submit maturity claim documents anywhere in IndiaAs per this facility, if a policyholder is in one city and his/her policy documents are in another city, then such documents can be deposit...
- IRDAI annual report: LIC's claim settlement ratio deteriorated in FY20 to 96.6%The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data ...
- Private sector shows improvement in settling claims: IRDAI reportIn 2016-17 the claim settlement ratio of LIC was 98.31% while for the private insurers, settlement ratio had gone up by 2.24% at 93.72%.
- LIC paid more in settling claims than pvt peersThe claims-to-settlement ratio for LIC was at 98.31 per cent, recording a marginal improvement.
- LIC to step up services in Hudhud-hit Andhra Pradesh, OdishaLIC has eased the procedure for settlement of claims on the lives of the victims of cyclone Hudhud in Andhra Pradesh and Odisha.
- LIC eases claims settlement rules for Jammu and Kashmir flood victimsLIC has set up special help desk at Srinagar divisional office and Northern zonal office at New Delhi to facilitate expeditious settlement ...
- LIC most consumer friendly: IRDAThe corporation had fewer lapses, higher claim settlement and no penalties from the regulator.
- LIC term cover set to get cheaperTerm insurance policies refer to those covers where the insurance company makes a payout only upon the death of the insured.
- LIC lays claim to no.1 spot in settlementsLife Insurance Corporation remained well ahead of private rivals in living up to the purpose of insurance by settling 97.03% of claims in 2...
- LIC performs better than private life insurance cos in settling claims: IRDAThe Insurance Regulatory and Development Authority has said that the Life Insurance Corporation of India has performed better in terms of c...
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