Force Majeure Clause-What it is in Life Insurance In India?
Force Majeure is a contract clause means that will remove the LIABILITY due to catastrophic events such as natural disasters or war in Life Insurance in India. What is Force Majeure? Now, many countries are under lockdown worldwide due to fear of Pandemic Virus COVID-19 ( Corona Virus). Though the death rate due to this virus is low, this is spreading easily and fast from human to human. In addition, People do not when this lockdown will be over and when the vaccine for this virus will come. Mean While there is a high chance that people across the …