Articles for tag: Costs, Delayed, Family, Grieving, Lakh, LICs, Policy, Processing

LIC’s Delayed Policy Processing Costs ₹50 Lakh to Grieving Family

A district consumer disputes commission in Kerala has ordered the Life Insurance Corporation (LIC) to pay Rs 50 lakh to the family of a policyholder who died from COVID-19. The court found that LIC failed to issue the insurance policy within the mandated 15 days after accepting a premium of over Rs 20 lakh, leaving ...