Rescuers and different stand amid particles after landslides hit hilly villages in Wayanad district, Kerala on July 30, 2024.
| Picture Credit score: AP
The Finance Ministry on August 3 urged all Public Sector Insurance companies to increase all potential assist to Kerala calamity victims in order that their insurance coverage claims will be expeditiously processed and paid.
“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 Life Insurance coverage Company of India (LIC), Nationwide Insurance coverage, New India Assurance, Oriental Insurance coverage and United India Insurance coverage to increase all potential assist to the victims of the calamity in order that the insurance coverage claims will be expeditiously processed and paid,” the Finance Ministry mentioned in a put up on X.
“The insurance coverage corporations have initiated efforts for reaching out to their policyholders by varied channels [local newspapers, social media, company websites, SMS, etc.] to offer the contact particulars for help within the districts of Wayanad, Palakkad, Kozhikode, Malappuram, and Thrissur, the place a big variety of claims are being reported,” it mentioned.
“LIC has been requested to speedily disburse the declare quantity in respect of the policyholders underneath the PM Jeevan Jyoti Bima Yojana. The documentation required for processing of claims has been relaxed comprehensively to make sure speedy dispersal of the declare quantity,” it added.
The Common 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 each day, the Finance Ministry mentioned.
“The Central Authorities and the Finance Ministry stay dedicated to supporting the victims of this calamity and guaranteeing they obtain the required help at once and hassle,” it famous.
