All life insurance companies will process COVID-19 death claims, assures Life Insurance Council
April 6, 2020, Chennai: Life Insurance Council, the face of the Indian life insurance industry, today announced that all life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest. The Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause in their contract as well as to dispel rumours to the contrary. All life insurance companies have also communicated to their customers individually in this regard. Secretary General , Life Insurance Council, said, “The spiraling global and local impact of COVID-19 pandemic has emphasized the fundamental need for life insurance in every household. The life insurance industry is taking every measure to ensure that the disruption caused to policyholders, due to the lockdown is minimal, by ...