LIC relaxes norms to settle claims of Uttrakhand calamity victims’ relatives

National

New Delhi/June 25
Life Insurance Corporation (LIC) of India on Tuesday announced to relax life insurance claims of Uttrakhand flash flood affected victims and have decided to open a special office in the state.
LIC’s acting chairman Thomas Mathew today said that LIC will open a special office in Uttrakhand to attend to all the claimants and relax the usual requirements for claim settlement.
As per reports, Indian Finance minister P Chidambaram had suggested to the public sector company to take these measures and relax norms with regard to missing persons to expeditiously settle insurance claims.
LIC is required to wait for seven years before settling claims with regard to missing persons as the existing norms but the life insurance major has decided to relax these terms.
More than 5,000 persons are feared dead in Uttrakhand’s natural calamity and so far the state government had confirmed the death of 882 pilgrims due to flash floods in Kedarnath, Badrinath, Gaurikund and other religious shrines in the area.

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