Life Insurance Council, the face of the Indian Life Insurance industry, has confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. The Life Insurance Council has assured that all life insurance companies will process COVID-19 death claims. Hence, all life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest. The Life Insurance Council leads the advocacy effort on the industry’s behalf before the Regulator (IRDAI), Govt. of India and all other statutory bodies.
IPL 2024: 6 crucial financial lessons to learn
Read More