The finance ministry on Saturday directed public sector insurance coverage corporations, together with Life Insurance coverage Company of India (LIC), to expedite the disbursement of declare quantities to victims and their households affected by the current landslides in Wayanad and different districts of Kerala.
In response to this pressing scenario, insurance coverage corporations have begun reaching out to their policyholders by means of a number of channels similar to native newspapers, social media, firm web sites, and SMS. This effort goals to offer policyholders with the mandatory contact info for help within the affected districts of Wayanad, Palakkad, Kozhikode, Malappuram, and Thrissur, the place numerous claims have been reported, in response to a put up by the finance ministry on X (previously Twitter).
The ministry highlighted that, given the extreme landslide and heavy rainfall in Kerala, the federal government has instructed Public Sector Insurance coverage Firms (PSICs) — together with LIC, Nationwide Insurance coverage Company, New India Assurance, Oriental Insurance coverage, and United India Insurance coverage — to supply all attainable help to the catastrophe victims. The aim is to make sure that insurance coverage claims are processed and paid as swiftly as attainable.
Particularly, LIC has been directed to expedite the disbursement of claims associated to the PM Jeevan Jyoti Bima Yojana. To facilitate faster declare settlements, the documentation necessities for processing these claims have been considerably relaxed, making it simpler for the victims to obtain their rightful claims.
The Basic Insurance coverage Council will collaborate with insurance coverage corporations to supervise the immediate processing and cost of sufferer claims. A portal will probably be established for insurers to report declare statuses every day.
On July 30, Kerala’s Wayanad district was hit by three landslides inside a mere four-hour window, resulting in intensive devastation within the villages of Mundakkai, Chooralmala, Attamala, and Noolpuzha. The extreme climate and landslides resulted in a number of people being swept away by the Chaliyar River.
