The Life Insurance Corporation (LIC) of India and Bajaj Allianz Life Insurance have fast-tracked the processing of claims for the victims of Air India plane crash.
The insurers announced a slew of measures on Friday to help the victims and members of their families. While expressing deep grief over the death of passengers and crew members of Air India flight AI 171 and also people on the ground who were killed, LIC said it would expedite claim settlements to provide financial relief.
It announced many concessions to mitigate the hardships of the claimants of LIC policies. In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by Central/State government /airline authorities will be accepted as proof of death.
“All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families,’‘ said the corporation in a release.
SPECIAL DESK
Bajaj Allianz Life Insurance has activated special measures to assist the families of its policyholders affected by the tragedy and set up a dedicated special claims settlement desk to prioritise the processing of death and disability claims, said insurer on Friday.
To simplify the process, it is also offering a minimal documentation process that nominees, legal heirs or policyholders need to submit to process their claims.
“If the death certificate is not immediately available, a certificate issued by the municipal authority or hospital will also be accepted to initiate the claim process, along with the nominee’s KYC and bank mandate,’‘ it said.