2020 Holiday Calendar Overview
The Life Insurance Corporation (LIC) observes a set of public and bank holidays each year that impact service availability, claim processing, and branch operations. The 2020 list reflects the Indian government's statutory holidays, adjusted for weekends and special observances.
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Public Holidays (Government‑Mandated)
LIC follows the same public holidays as the central government. In 2020, these included:
- New Year's Day – 1 January (Wednesday)
- Republic Day – 26 January (Saturday)
- Mahavir Jayanti – 9 February (Saturday)
- Holi – 12 March (Monday)
- Good Friday – 10 April (Friday)
- Mahavir Jayanti – 18 April (Friday)
- Akshaya Tritiya – 9 May (Wednesday)
- Independence Day – 15 August (Saturday)
- Janmashtami – 30 August (Thursday)
- Gandhi Jayanti – 2 October (Friday)
- Diwali – 24 October (Monday)
- Diwali – 25 October (Tuesday)
- Diwali – 26 October (Wednesday)
- Christmas Day – 25 December (Friday)
Bank Holidays (LIC‑Specific)
LIC also observes bank holidays, which can differ from public holidays and affect banking operations. For 2020, key bank holidays were:
- 1 January – New Year's Day
- 26 January – Republic Day
- 15 August – Independence Day
- 25 December – Christmas Day
Special Observances and Impact on Services
Certain holidays may cause partial closures or reduced staffing at LIC offices. For example:
- Holi (12 March) – Branches open from 10:00 AM to 4:00 PM.
- Good Friday (10 April) – All offices closed.
- Diwali (24–26 October) – Branches open only on the first day; customer service centers operate 9:00 AM–3:00 PM.
Planning Your Claims and Applications
When submitting claims or new policy applications, account for holiday closures to avoid delays. The average processing time for claims filed on a holiday day extends by one business day. It is advisable to submit documentation at least two days before a holiday.
Contacting LIC During Holidays
LIC's customer support lines remain operational 24/7, but call volumes increase during major holidays. For urgent assistance, use the online portal or visit the nearest branch before the holiday window.
Summary Table
| Holiday | Date | Day | Impact |
|---|---|---|---|
| New Year's Day | 1 Jan | Wed | Closed |
| Republic Day | 26 Jan | Sat | Closed |
| Holi | 12 Mar | Mon | Reduced Hours |
| Good Friday | 10 Apr | Fri | Closed |
| Independence Day | 15 Aug | Sat | Closed |
| Diwali | 24–26 Oct | Mon–Wed | Partial Closure |
| Christmas Day | 25 Dec | Fri | Closed |