LIC chairman Thomas Mathew aforementioned the corporate may additionally relax the norms for death certificate because it might not be straightforward to get one presently. underneath existing norms, a death certificate is issued once a spot of seven years just in case of missing persons.
In Associate in Nursing interview, Uttarakhand chief minister Vijay Bahuguna has aforementioned that tehsildars can issue death certificates once a month. "If someone does not come back in thirty days, the govt can straight off unharness the compensation and not fade rules that state that you simply have to be compelled to watch for seven years," he had told TOI on weekday.
A senior LIC officer told TOI that the precise details of the claim settlement method would be finalized with seventy two hours and should embody victims of the flash floods in Himachal Pradesh moreover. non-public life insurers were, however, silent on the claim settlement method that they might adopt.
The statement from LIC came once minister P Chidambaram asked the general public sector company to try to to away with the traditional conditions for claim settlement and represent a special team moreover as a camp workplace in Dehradun to settle claims of flood victims.
"LIC ought to follow constant norms for settlement of claims as being followed by it throughout the moving ridge or earthquake in Bhuj and Latur within the past," Chidambaram told senior LIC officers. He prompt that LIC may take Associate in Nursing indemnity bond from the claimants and also the claims is also settled on priority.
"The disaster that is going on in Uttarakhand. LIC has already issued directions to any or all its offices therein space to with efficiency settle the claims and attend to the policyholders. we've earlier instances (like in)... moving ridge and Bhuj earthquake wherever we tend to settled claims with efficiency," he added.
Mathew failed to provide any figures concerning the quantum of claims however aforementioned it might be "huge".
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