LIC to relax claims documentation of Air India crash victims
The Hindu
LIC offers relaxations for Air India crash victims' insurance claims, accepting alternative proof of death for faster settlements.
Life Insurance Corporation of India will extend certain relaxations with regard to documents required in respect of the insurance policy claims of the Air India crash victims.
In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by Central/State government/airline authorities will be accepted as proof of death, LIC said.
Air India Ahmedabad plane crash LIVE updates
The State-owned insurer announced this in a statement a day after 241 out of 242 people on board died after the Boeing 787-8 aircraft to London crashed minutes after it took off from Ahmedabad.
It is committed to supporting those affected and will expedite claim settlements to provide financial relief. All efforts will be taken to ensure the claimants are reached out and claims settled expeditiously to the affected families. The concessions are to mitigate the hardships of the claimants, LIC said in a release expressing grief over the death of passengers and crew members of Air India flight AI 171 and people on the ground who were killed due to the plane crash.
Claimants may contact the nearest branch/division/customer zone. They may also LIC’s call centre on 022 68276827.
HDFC Bank eyes significant growth post merger, focusing on synergy, customer convenience, cybersecurity, and digital innovation for future success.
Sun Pharma settles litigation with Incyte, gains license for alopecia treatment, launches LEQSELVI tablet in the US.
HCL Tech reports 9.7% decline in net profit, revenue growth, and revised guidance for FY26.
R. Doraiswamy appointed CEO and MD of LIC, bringing 39 years of experience to the role.
Gujarat emerges as top processed potato producer in India, with Banaskantha leading in production and productivity rates.
Silver prices hit record high of ₹1,15,000/kg due to investor interest, global tariff tensions, and weak dollar.
Sensex and Nifty decline for fourth day due to IT shares selling and foreign fund outflows.
Rupee falls below 86 against dollar due to foreign fund outflows and trade deal delay, amid rising oil prices.
Elon Musk said he does not support a merger between his EV maker Tesla and his artificial intelligence startup xAI.
June 2025 saw negative WPI inflation due to price drops in food, fuel, and manufactured products.
Sensex and Nifty drop due to IT stock weakness and foreign fund outflows, market awaits US-India trade deal.
Nvidia CEO Jensen Huang will hold a media briefing in Beijing on July 16, an official from the company said on Sunday.
Google has agreed to pay about $2.4 billion in a deal to license the technology of AI-assisted coding tool Windsurf, The Wall Street Journal reported.