The Life Insurance Corporation (LIC) has announced that its branches will remain open this weekend and on Monday, which is a holiday due to Eid celebrations in many parts of the country. This move aims to facilitate policyholders to deposit their premium payments. As per LIC’s official statement, its offices will maintain normal operating hours on March 29, 30, and 31 to avoid any inconvenience to policyholders.
The decision is in line with the advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI) on March 12, 2025. The IRDAI’s advisory encourages life insurance companies to remain open on holidays and weekends to cater to the needs of policyholders.
LIC’s move is intended to ensure that policyholders can conveniently deposit their premium payments on these days, thereby avoiding any potential hardship or inconvenience. By keeping its branches open, LIC is demonstrating its commitment to providing seamless service to its customers, even on holidays.
The move may also benefit policyholders who are unable to visit LIC’s branches on regular working days due to various reasons such as geographical constraints, mobility issues, or other commitments. By opening its branches on weekends and holidays, LIC is showing that it is proactive in addressing the needs of its customers and accommodating their unique circumstances.
Overall, LIC’s decision to keep its branches open on weekends and holidays is a proactive step towards ensuring that policyholders can easily access its services, deposit their premium payments, and receive the necessary support and assistance.