“In view of the unlucky landslide incident and heavy rains in Kerala, the federal government has mandated the Public Sector Insurance coverage corporations (PSICs), together with LIC, Nationwide Insurance coverage Company, New India Assurance, Oriental Insurance coverage, and United India Insurance coverage to increase all doable help to the victims of the calamity in order that the insurance coverage claims will be expeditiously processed and paid,” it stated.
LIC has been requested to speedily disburse the declare quantity in respect of the policyholders below the PM Jeevan Jyoti Bima Yojana, it stated.
The documentation required for processing of claims has been relaxed comprehensively to make sure speedy dispersal of the declare quantity, it stated.
It additional stated, the Normal Insurance coverage Council will coordinate with the insurance coverage corporations to make sure that claims are processed and paid expeditiously and can host a portal for all insurers to report declare standing every day.
The central authorities and finance ministry stay dedicated to supporting the victims of this calamity and guaranteeing they obtain the required help immediately and hassle, it added.