LIC announces relaxations for victims of Pahalgam Terror Attack
(Press Release) - LIC of India expresses deep grief over the death of innocent citizens at Pahalgam in the terrorist attack on 22.04.2025
LIC of India is committed to supporting those affected and will expedite claim settlements to provide financial relief.
Siddharta Mohanty, CEO & MD , LIC announced many concessions to mitigate the hardships of the claimants of LIC Policies.In lieu of death certificates, any evidence in Government Records of death of the policyholder due to the terrorist attack or any compensation paid by Central/State Government will be accepted as proof of death.
All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families.
For further assistance the claimants may contact the nearest LIC Branch/Division/Customer Zones.
The claimants may also call at our call centre -022 68276827
Dated at Mumbai on April 24th, 2025
For Further Information please contact: Executive Director (CC) LIC of India, Central Office, Mumbai.
Email id: ed_cc@licindia.com
Visit us at www.licindia.in
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IMF approves USD 206 million emergency funding for cyclone-hit Sri Lanka's recovery
Colombo (PTI): The IMF has approved an emergency funding of USD 206 million under its rapid finance instrument to help Sri Lanka “address the urgent needs arising from the catastrophic Cyclone Ditwah and preserve macroeconomic stability”.
The cyclone caused widespread destruction in the island nation and left over 643 people dead.
In a statement issued on Friday, the Washington-based International Monetary Fund (IMF) said the disaster has created urgent humanitarian and reconstruction needs, generating significant fiscal pressures and balance-of-payments needs.
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The emergency financial support provided by the IMF under the rapid finance instrument will help address these pressures, it said.
The IMF added that the cyclone devastation hit when the Fifth Review of Sri Lanka’s USD 2.9 billion bailout was nearing completion.
“Given the time needed to assess the economic impact of the cyclone and examine how an IMF-supported programme can best support Sri Lanka’s recovery and reconstruction efforts while preserving objectives and policy priorities, the Fifth Review has been deferred," it said.
"An IMF mission team will visit Sri Lanka in early 2026 to resume discussions,” it added.
The 48-month extended fund facility deal with the IMF in March 2023 carried hard reforms to Sri Lanka's welfare-based governance.
It was signed after Sri Lanka plunged into an unprecedented economic meltdown with its first-ever sovereign default.
Several hours before the IMF decision, the parliament here approved without a vote a supplementary estimate of LKR 500 billion, which the government said was required to restore the livelihoods of those affected by the disaster.
