LIC's corporate office in Mumbai has already issued special instruction to its Nepal company.

"We have a separate company in Nepal, known as LIC (Nepal) where LIC has a majority of stake of 55 percent in that company. It's too early to reach any conclusion as everything is stuck there. School and colleges everything is shut over there since the earthquake took place," LIC chairman SK Roy told reporters.

LIC's Nepal subsidiary will follow its normal instructions that are in place for settling claims during such calamities.

"I have sent an advisory note to LIC Nepal to follow the same thing which LIC does in India in such circumstances. We give concessional methods of settlement of claims what we have already done in case of Uttarakhand floods," Roy, who is also the non-executive chairman of LIC (Nepal), said.

The claims would be settled as and when they were lodged. The company had got sufficient solvency margin to settle the claims, he cited.

Meanwhile, MetLife Foundation said on Tuesday that it is making a contribution of USD 2,50,000 to International Medical Corps' Nepal Earthquake Fund, which is already at work on the ground providing vital relief supplies to those in need, lifesaving healthcare services to the survivors of the earthquake and critical training to medical first responders.

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