This Article is From Sep 15, 2014

J&K Floods: LIC Eases Claim Settlement Rules

J&K Floods: LIC Eases Claim Settlement Rules

New Delhi: 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.

LIC has extended concessions and relaxations to claimants with respect to settlement of death and disability benefit claims, the largest insurance company said in a statement.

"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," it said.

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.

LIC has set up special help desk at Srinagar divisional office and Northern zonal office at New Delhi to facilitate expeditious settlement of claims.