Covid-19 crisis: Insurers cannot decline death claim settlements

All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest,the Council said in a statement

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All life insurance companies have also communicated to their customers individually in this regard.

Press Trust of India New Delhi

2 min read Last Updated : Apr 06 2020 | 3:58 PM IST

The Life Insurance Council on Monday said all the insurers are duty-bound to settle claims if a death occurs due to COVID-19.

All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest,the Council said in a statement.

It said the clauseof Force Majeure'will not apply in case of COVID-19 death claims.

Force Majeure is described as an event or effect that can be neither anticipated nor controlled.

ALSO READ: Coronavirus impact: Private insurers bat for standard treatment rates

This step was taken to reassure customers who had reached out to life

Topics : Coronavirus Life Insurance Insurance claims

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