Death due to coronavirus will be covered under existing LIC policies

April 1: Thousands of people worldwide have already died from COVID-19, the disease caused by the novel coronavirus. According to India’s largest insurer, Life Insurance Corporation of India (LIC), if the individual who passes away due to the coronavirus had a life insurance policy, the nominee of the policy will get the sum assured as the death benefit.

In its website, Life Insurance Corporation of India (LIC), stated that “LIC will always stand by you and your loved ones when you need us the most. The Death claims arising due to corona virus COVID 19 are treated on par with other causes of death. Death claim is processed as per the terms and conditions of the Policy. Hence subject to Policy conditions COVID 19 death claims are admissible.”

The Nominee can submit death claim intimation, death certificate and copy of policy schedule at the nearest branch office in case it is operational. In case your nearest branch is non-operational owing to various COVID-19 advisories, you can email death claim intimation, death certificate and copy of policy schedule to the Nodal Persons as per the list made available in its website.