The customers were contacting their insurance companies on COVID-19, after which this clarification has been issued. If you have made some kind of life insurance, it is news of work for you. In fact, insurance companies will process the claim request for death due to coronavirus. The Life Insurance Council informed this on Monday. The life insurance sector organization has said that the ' Force Major ' clause will not apply to the claim related to death from COVID-19. It is a clause when insurance companies reject claims in situations like natural calamities, riots, epidemics, or wars. The Life Insurance Council has said that private and public sector insurance companies will process the claim of death due to corona.
What happens to the clause
This clause generally applies under unprecedented circumstances. Any party can withdraw from its contract. In India, more than 100 people have lost their lives due to the COVID-19 epidemic, and about 4,000 people are infected.
Why Life Insurance is necessary for every house
Life insurance has become a basic necessity in every household due to the global and local impact caused by the COVID-19 epidemic. The industry is taking all measures to mitigate the problem faced by policyholders due to lockdown.
Companies taking steps to facilitate customers
The council said that the customers were contacting their insurance companies on COVID-19, after which the clarification has been issued. The statement issued by the Council has appealed to the customers not to believe any fake information. The organization said that life insurance companies are standing with insurance holders in these difficult circumstances.
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