The offices of Life Insurance Corporation of India (LIC) will remain open on the last days of the financial year 2023-24 i.e. 30 and 31 March 2024. LIC has said in the guidelines issued in this regard that it has been decided that the offices under zones and divisions will remain open as per the official working hours on Saturday and Sunday. The company has said that the decision to open the office has been taken so that the policyholders do not face any problems. It is seen that in the last days of March, a large number of policyholders go to the LIC office to deposit their premium or reach the office to complete their various padding works which are to be done by 31st March.
IRDAI has issued instructions
Life Insurance Corporation of India has taken this decision as per the instructions issued in this regard by insurance regulator IRDAI on March 28, 2024. IRDAI has instructed all the insurance companies to keep their branches open. In a message sent to companies, the regulator said that to avoid any hardship to policyholders, insurance companies have been advised to keep their branches open as per normal working hours on March 30 and 31, 2024. It said insurers may heed the advice and publicize the special arrangements being made by keeping branches open on weekends.
Banks will also function on March 30-31
Earlier, RBI has also issued instructions to banks to continue their work on the coming Saturday and Sunday i.e. March 30-31. That means bank branches will remain open these days. In such a situation, if there is any important work related to the bank, then you can complete it on Saturday and Sunday also. The Reserve Bank of India (RBI) has directed banks to keep counters related to government transactions open till normal working hours on March 30 and March 31.
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