#KeralaFloods: More than 11,000 insurance claims worth Rs. 1,200cr filed
(Sourced from PTI)
More than 11,000 claims worth an estimated Rs. 1,200cr have been filed by flood-affected people in Kerala. "As of yesterday, the New India Assurance Company, General Insurance Corporation, United India Insurance Company, and Oriental Insurance Company received more than 11,000 claims with an estimated loss of Rs. 1,200cr," United India Insurance Company Director and General Manager KB Vijay Srinivas said. Here's more.
Srinivas said public sector insurance companies had decided to simplify the process and dilute norms for speedy disbursement of claims. More staff have been brought from other states for quick disposal of cases, he said. All flood-related deaths will be treated as accident cases eligible for insurance claims, Srinivas said, adding the companies will go by the list of deceased provided by the government.
As a pro-active step to process the claims relating to floods, the insurance companies have started collecting preliminary information on the loss to policy-holders through phone calls, e-mails, and direct communication, Srinivas said. On steps taken for speedy and hassle-free settlement of claims, he said postmortem and police reports have been done away with while disposing personal accident claims.
The rains and floods in Kerala, the deadliest in the last century, have claimed the lives of 474 people since May 29 when the south-west monsoon set in over the southern state.