The impact of Cyclone Biparjoy on Life Insurance Corporation of India (LIC) was significant, with a number of policyholders being affected by the natural disaster. To provide relief to its policyholders, LIC announced a number of relaxations, including:

• Automatic extension of premium payment terms
• Waiver of late payment fees
• Relaxation in submission of claim documents
• Grace period for loan repayments
• Ex-gratia payments for policyholders affected by the cyclone
• Fast track settlement of claims for policies issued in the affected regions

These measures were aimed at providing immediate relief to LIC policyholders affected by the cyclone, who may be struggling to make premiums or submit claims due to the impact of the natural disaster. Despite the impact of Cyclone Biparjoy, LIC remained committed to providing support and assistance to its policyholders during this difficult time.