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Covid-19 Information to Policyholders

Covid-19 Information to Policyholders

Dear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.

  •   Source: LIC
  •   Published on: 30/03/2020

What 3 month moratorium on repayment of term loans means for borrowers

What 3 month moratorium on repayment of term loans means for borrowers

RBI has allowed lending institutions to offer a moratorium on loan repayments.


Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

After today's rate cut, it remains to be seen how much impact with the recent rate cuts, it will have on the home loan and other borrowers.


RBI allows banks to put EMIs on hold for three months

RBI allows banks to put EMIs on hold for three months

The credit history of the borrower will not be impacted The RBI today cut repo rate by 75 basis points and also cut cash reserve ratio by 100 basis points

  •   Source: Livemint
  •   Published on: 27/03/2020

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

The rate cut was warranted by disruptive force of coronavirus, the central bank said.


Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.

  •   Source: News18
  •   Published on: 27/03/2020

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on


FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.


Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, govt will pay workers' PF for 3 months

Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, govt will pay workers' PF for 3 months

This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. Benefiting 4.8 crore employees the govt also amended EPFO regulations to allow workers under EPFO to draw up to 75% of their non-refundable advance or 3 months of wages, whichever is lower.