SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press ‘Force Majeure’ will not apply in case of COVID-19 death claims, says Life Insurance Council

    ‘Force Majeure’ will not apply in case of COVID-19 death claims, says Life Insurance Council

    The clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims, the Council has confirmed. All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest.
    The Financial Express Apr 7, 2020

    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.

    Click here to read more>>

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.