Punjab Commission Rules: LIC Can't Deny Accident Benefits After Murder

The Punjab Insurance Regulatory and Development Authority (PIRA) has issued a ruling that Life Insurance Corporation of India (LIC) cannot deny accident benefits to a policyholder's family if the death was caused by murder. The PIRA stated that the policyholder's family is entitled to the accident benefits regardless of the cause of death, as long as the death occurred during the policy period. This ruling clarifies the ambiguity surrounding accident benefits in cases of murder and provides legal protection to the beneficiaries of LIC policies.