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Our Bureau

New Delhi , Dec. 27

THE Finance Ministry has asked insurance companies to provide immediate relief to victims/their families affected by the devastation caused by Tsunami in the States of Tamil Nadu, Andhra Pradesh, Kerala and Andaman & Nicobar Islands.

Accordingly, the Life Insurance Corporation (LIC) has set up special cells in the concerned zones for the immediate settlement of claims. Similarly, non-life insurance companies namely New India Assurance Company, National Insurance Company, United India Insurance Company and Oriental Insurance Company are also making arrangements for urgent help to the affected persons/families.

An official release said that insurance companies are to issue an advertisement giving information to the affected victims to help settlement of insurance claims.

The Finance Ministry has also advised the Reserve Bank of India (RBI) for provision of immediate needed relief in the affected areas. The RBI has arranged for immediate meetings of the state level bankers' committees. Banks have been asked to assess the quantum of damage and the relief required.

More Stories on : Insurance | Natural Calamities

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