Does Your LIC Policy Cover Covid-19 Claim?

With the number of new Covid-19 cases increasing by the day, hospitals in most metro areas are running out of beds. To ease policyholders' woes LIC has allowed policyholders to deposit their maturity claim documents at any LIC office across the country. Life Insurance Corporation (LIC), a government-owned insurance company, has assured customers that it is committed to their safety and well-being during the pandemic.

LIC services are available to you 24 hours a day, seven days a week, from the comfort and security of your own home. LIC has allowed Policyholders whose Maturity payments are due to send Maturity Claims documents to any of its 113 Divisional Offices, 2048 Branches, 1526 Satellite Offices, and 74 Customer Zones, regardless of the servicing branch of the policy.

According to General Insurance Council sources, health insurance claims related to Covid have increased by 27% to 9.9 lakh claims worth Rs 14,500 crore, up from 7.8 lakh claims worth Rs 11,850 crore in January 31.

It is critical that you understand the claim process and are aware of the required documents as a nominee.

Will your policy cover Covid-19 claims?

Yes, Death claims resulting from the coronavirus COVID 19 are treated similarly to claims resulting from other causes of death. The policy's terms and conditions govern how the death claim is handled. As a result, COVID 19 death claims are admissible, subject to policy conditions.

If the nearest branch office is open, the Nominee can submit a death claim notice, a death certificate, and a copy of the policy schedule. If your nearest branch is closed due to various COVID-19 advisories, you can email the following documents to the Nodal Person: death claim intimation, death certificate, and copy of policy schedule.

Documents required to submit death claim

A policy document, original/attested copy of death certificate issued by the local municipal authority, death claim application form, an NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof, a discharge/death summary attested by hospital authorities.

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