Life Insurance Corporation of India (LIC) has responded to the directive issued by the Insurance Regulatory and Development Authority of India (Irdai) by announcing a series of concessions aimed at alleviating the hardships faced by policyholders and beneficiaries of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) affected by Cyclone Biparjoy. Despite the minimal loss of lives, LIC has taken proactive measures to provide assistance to those affected by the calamity.
In a statement released on Saturday, LIC revealed its commitment to reaching out to the impacted individuals and extending support during this difficult time. The insurance giant has designated nodal officers at the divisional level to liaise with the concerned Chief Secretaries and Officers of the State Government. This step aims to ensure effective coordination and swift assistance in dealing with the aftermath of Cyclone Biparjoy.
The concessions offered by LIC are expected to provide much-needed relief to policyholders and PMJJBY beneficiaries affected by the cyclone. The company has acknowledged the importance of addressing their immediate concerns and minimizing their financial burden.
The widespread damage caused by Cyclone Biparjoy has led LIC to introduce special provisions to expedite the claim settlement process. These measures will ensure that policyholders receive their entitled benefits promptly, enabling them to recover and rebuild their lives.
Furthermore, LIC has taken steps to simplify the documentation requirements for claim processing. Recognizing the urgency and the need for swift action, the insurance provider has streamlined the verification procedures, eliminating unnecessary delays. This move is intended to provide timely financial support to affected individuals, facilitating the recovery process.
To ensure efficient communication and seamless coordination, LIC has set up dedicated helpline numbers and email addresses. This initiative will enable policyholders and PMJJBY beneficiaries to connect with the nodal officers and seek guidance on the claim settlement process. By establishing clear channels of communication, LIC aims to address queries and concerns promptly, providing much-needed assistance to those affected by Cyclone Biparjoy.
Additionally, LIC has extended its support beyond the claim settlement process. The company has expressed its commitment to assisting the affected individuals in rebuilding their lives. This support encompasses providing guidance on rehabilitation programs, accessing government schemes, and exploring other avenues of support available to the affected policyholders and beneficiaries.
LIC’s efforts to mitigate the hardships faced by policyholders and PMJJBY beneficiaries demonstrate its customer-centric approach and social responsibility. The company’s proactive response to the directive issued by Irdai sets an example for other insurance providers, emphasizing the significance of supporting and standing with customers during times of distress.
As LIC continues its outreach efforts, it encourages individuals impacted by Cyclone Biparjoy to reach out for assistance. By working closely with the State Government and employing dedicated nodal officers, LIC strives to provide seamless and expedited support to policyholders and PMJJBY beneficiaries in their journey toward recovery and rebuilding their lives.
LIC’s announcement of concessions and its proactive measures in response to the cyclone highlight the company’s commitment to its customers and their well-being. By streamlining claim settlement procedures, simplifying documentation requirements, and establishing effective communication channels, LIC aims to alleviate the hardships faced by policyholders and PMJJBY beneficiaries affected by Cyclone Biparjoy.
