Wayanad landslides news: Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide

The finance ministry on Saturday requested public sector insurance coverage corporations together with Life Insurance coverage Company of India (LIC) to speedily disburse the declare quantity to landslide victims and their households in Wayanad and different districts of Kerala. The insurance coverage corporations have initiated efforts for reaching out to their policyholders by numerous channels (native newspapers, social media, firm web sites, sms, and many others) to supply the contact particulars for help within the districts of Wayanad, Palakkad, Kozhikode, Malappuram, and Thrissur, the place a major variety of claims are being reported, the finance ministry stated in a put up on X.

“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 LIC, Nationwide Insurance coverage Company, New India Assurance, Oriental Insurance coverage, and United India Insurance coverage to increase all doable help to the victims of the calamity in order that the insurance coverage claims may be expeditiously processed and paid,” it stated.

LIC has been requested to speedily disburse the declare quantity in respect of the policyholders beneath the PM Jeevan Jyoti Bima Yojana, it stated.

The documentation required for processing of claims has been relaxed comprehensively to make sure speedy dispersal of the declare quantity, it stated.

It additional stated, the Normal 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 central authorities and finance ministry stay dedicated to supporting the victims of this calamity and guaranteeing they obtain the required help immediately and hassle, it added.