New Delhi: The Zee Forest Insurance Council has said on Monday that all insurance companies are obliged to settle claims in connection with the death caused by the coronavirus. The council said in a statement that both public and private life insurance companies are committed to settling any death claims involving the Coronavirus.
The council said that in the case of claims of death from coronavirus infection, the provision of Force Major will not apply. Force Major means such unforeseen conditions when complying with the agreement is not binding. The statement has been issued to give assurances to customers who sought clarification in this regard from life insurance companies and to dispel rumors.
All the life insurance companies have informed their customers personally about this. Life Insurance Council Secretary General SN Bhattacharya said that the global and locally growing outbreak of Corona virus epidemic has bolstered the need for life insurance in every household. The life insurance industry is taking every step to ensure that the lockdown Due to this, policyholders have least problem, and they can get help through digital mediums uninterrupted, even if they are dead related to corona Whether settlement of claims or any other service related to the policy.
Also Read:
Coronavirus Effect: Over 2 lakh jobs at major risk in India’s airline industry
Corona: ITC takes the initiative to deliver food to children and elderly
SENSEX: Market cap reduced by these companies in market downturn
Corona: This industrialist donated 100 crores to PM Relief Fund