Governor of Maharashtra, Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai for the commendable work done by LIC during the COVID–19 pandemic.
According to a statement, Vipin Anand, Managing Director, LIC received the honour at a function organized by Pasbaan-e-Adab, a socio-cultural organization.
“During the pandemic LIC rendered exceptional services to its policyholders and the society as a whole. Death claims arising due to COVID-19 were treated at par with other causes of death and settled on priority. LIC has also ensured that other policy payments like Survival Benefit, Policy Maturity, Annuities and Loans etc were made to policyholders promptly by crediting the amount into the bank account registered with LIC. For collection of premium all Digital channels were available 24X7 during the lockdown period to ensure that the policies did not lapse. Special concessions in claims and premium payments were also given,” the statement reads.
For combating the coronavirus pandemic, LIC contributed handsomely to PM Cares Fund & CM Relief Fund in different States. LIC also contributed towards COVID ward for Cancer patients in Tata Memorial Hospital and funded for purchase of Ambulance with life saving equipments like ventilator, multi channel patient monitoring system etc to other organisations.
“LIC employees and Agents also rose to the occasion and stepped in to combat the challenges posed by Covid-19 and suo moto launched various initiatives such as distributing food packets, masks, grocery packets, vegetable bags, sanitizers etc,” it said.