As a proactive step to process the claims relating to floods, the companies have started collecting preliminary information on the loss to policyholders
Thiruvananthapuram: More than 11,000 claims worth an estimated ₹ 1,200 crore have been filed by flood-affected people with four public sector insurance companies in Kerala, a top official said today.
United India Insurance Company director and general manager K.B. Vijay Srinivas said the public sector insurance companies had decided to simplify the process and dilute norms for speedy disbursement of claims to the flood-affected people.
“As of yesterday, 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 ₹ 1,200 crore. We are expecting more claims in the coming days," he told reporters in Thiruvananthapuram, adding the process of settling claims would be done soon.
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. “The procedure for all types of insurance claims has been simplified and the companies will stick to the basic standard formalities," he said.
As a proactive step to process the claims relating to floods, the companies have started collecting preliminary information on the loss to policyholders through phone calls, e-mails and direct communication, the official said.