Life insurers will not invoke 'force majeure' clause for Covid-19 claims

Life insurers, both private and state owned, will not invoke ‘force majeure’ clause in case of Covid-19-related death claims and will process them at the earliest, said Life Insurance Council.

“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,” the council said.

“The life insurance industry is taking every measure to ensure the disruption caused to policyholders, due to the lockdown is minimal, by