LIC Introduces Specialized Life Insurance Coverage for Pilgrims
1 report, 1 independent
Updated Fri 00:00
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What happened
The Travancore Devaswom Board announced a new life insurance scheme for Sabarimala pilgrims in association with Life Insurance Corporation of India. This coverage is the first time life insurance has been provided to pilgrims, though accident insurance was previously available. The Travancore Devaswom Board will cover the entire premium using its Welfare Fund.
From indiatimes.com
Why it matters
The introduction of this specialized product expands the operational scope of Life Insurance Corporation of India. The Travancore Devaswom Board expects to spend approximately Rs 1 crore on the premium during the pilgrimage season.
From indiatimes.com
Who's involved
- Life Insurance Corporation of IndiaProvides the specialized life insurance coverage for pilgrims.
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The entities involved
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
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