LIC news updates: According to the Irdai rules, the insurer is required to settle a claim within 30 days of receipt of all documents
LIC's Arogya Rakshak is a benefit health plan that offers lumpsum amount on the diagnosis of the specified illnesses
A lapsed policy may be revived by payment of the accumulated premiums with interest as well as giving the health requirements as required
LIC received claims from 7,58,916 policies in FY20, out of which 7,33,809 were settled. The claims value stood at Rs 13,694.34 crore.
LIC's Jeevan Umang covers up to 100 years of age and offers a combination of income and protection
LIC policy: The policy bond is a document that is required at the time of settlement of claims on the policy