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Here Are The Key Points Regarding The Procedure For Settlement Of Lic Maturity Claims

Synopsis PMJJBY is a government-sponsored life insurance scheme that provides a sum assured or coverage of Rs 2 lakh, where the policyholder has to pay an annual premium of Rs 330. Getty Images The maximum time that will be taken to process the claim is 60 days from the date of submission of documents to the bank. Nominees of policy holders of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) can claim the sum assured under the scheme in case of death of the insured person. This can also be done in cases where the policyholder has died due to novel coronavirus. However, any claim can be ma...

Ship mortgages over ships flying the Cyprus flag According to the Merchant Shipping (Registration of Ships, Sales and Mortgages) Laws of 1963, as amended, which are the main statutes for all matters relating to the registration of ships and related transactions in the Register of Cyprus Ships, a mortgage against a ship flying the flag of Cyprus can be registered at any time after the completion of the vessel’s registration (provisional or permanent) in the Register of Cyprus Ships, or in the Special Book of Parallel Registration. By a registered mortgage, the shipowner can secure a loan or ...