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Life Insurance Corporation (LIC) policyholders get one more month to renew their policies where the premium payment falls between March and April, the state-run insurance behemoth said on Saturday.
It had earlier allowed a grace period — till March 22 — to customers with premium due in February. This has also been extended till April 15 in light of the coronavirus disease (Covid-19) crisis.
With death toll increasing each day, LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis.
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