Kashmir Floods: LIC Eases Procedure For Settlement Claims

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KL Report

SRINAGAR

To ensure timely and hassle free service to people of Jammu and Kashmir, India’s  largest insurance company Life Insurance Corporation (LIC) has relaxed claim settlement procedure for those affected in the Jammu and Kashmir floods and a special help desk has been set up for expeditious claim processing.

As reported, LIC has extended concessions and relaxations to claimants with respect to settlement of death and disability benefit claims. The corporation has also set up special help desk at Srinagar divisional office and Northern zonal office at New Delhi to facilitate expeditious settlement of claims.

“These concessions are in the nature of simplified death claim settlement, proof of death or missing, loss of policy document etc., similar to concessions and relaxations extended to the victims of floods and landslides in Uttarakhand in June 2013,” LIC said in a statement.

In addition, for policyholders residing in the flood affected areas, the state-run insurer has extended waiver of interest on the overdue premium, it said.

 

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