Life Insurance Corporation of India (LIC) has witnessed a decline of nearly 20% in death claims in the first quarter of this fiscal (Q1FY23) with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels. In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7111 crore, which for Q1 of this year was Rs 5743 crore.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
