Here are some of the relaxations that LIC has announced for people affected by Cyclone Biparjoy:

• LIC has extended the grace period for all policies that were due for payment between 26th May 2021 and 30th June 2021. The new deadline for payment has been extended to 15th July 2021.
• LIC has also waived off all late payment fees for policies that were due for payment during this period.
• The corporation has also allowed policyholders to revive their lapsed policies by paying the premiums due during the grace period. This has been permitted without any evidence of insurability.
• In case of death due to Cyclone Biparjoy, LIC has assured quick and hassle-free claim settlement for the affected families.
• Finally, LIC has requested all policyholders to update their contact details and provide alternate contact details to ensure smooth communication in case of any emergency.

These relaxations by LIC aim to provide some relief to the affected policyholders during this difficult time.