What is the impact of Cyclone Biparjoy on LIC policyholders
Understand the relaxations announced by LIC for people affected by Cyclone Biparjoy
- LIC has extended the due date for premium payments for policyholders in the affected areas.
- Grace period for premium payments has been extended from 15 to 30 days, without any late fee.
- The corporation will waive off the late payment charges and interest for policyholders who were unable to pay their premiums due to the impact of the cyclone.
- For claims related to death due to Cyclone Biparjoy, LIC has set up a dedicated team to expedite the process and provide quick and hassle-free claim settlements.
- Policyholders can avail of the services of the nearest LIC branch for assistance and information related to the cyclone and its impact on their policies.
Answered
a year ago