India's biggest life insurer Life Insurance Corporation on Saturday assured its policyholders that the death claims arising due to coronavirus will be treated at par with other causes of death and payments shall be made on an urgent basis.
Coronavirus has already claimed many lives and efforts are being made by LIC officials to locate Covid-19 victims on the basis of lists provided by the government authorities to help the families, LIC said, adding that "already death claims due to Covid-19 under 16 policies have been settled without losing any time." During the previous financial year, LIC has settled more than 7.5 lakh death claims with only 0.75% of the total death claims reported remaining outstanding, the state-run insurer said.