Life insurance Corporation (LIC), a leading and trusted insurance company in India, has decided to deposit the premium payable in March and April 2020, in view of the difficulties faced by policyholders due to the lockdown enforced to prevent the spread of Kovid-19 infection. Has announced to give a 30-day extension. It has been increased to April 15. Policyholders of LIC can also pay the premium through the digital payment options of the insurance company. For this they will not have to pay any kind of service charge. The premium can also be paid by downloading the LIC Pay Direct mobile app.

For your information, let us tell you that policyholders can also pay premium in all branches of IDBI and Axis Bank. Apart from this, premium can also be paid through Common Service Centers operating at block level.

The insurance company has assured its policyholders that the claim filed after the death due to Kovid-19 will be settled on an urgent basis. The company has said that many people have died due to coronavirus and LIC's Authorities are tracing the victims of Kovid-19 based on the list released by the government officials. That is, during the last financial year, LIC has claimed more than 7.5 lakh claims related to death. Class Settlement Kiakvhin, 0.75 per cent of claims are still pending.

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