Money & Banking

National Insurance allowed to conduct survey of AMRI Hospital site

| | Updated on: Apr 19, 2012
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Nearly four months after the massive fire broke out in the AMRI Hospital's Dhakuria unit, its insurer, National Insurance Company (NIC) has been granted permission to conduct survey of the site.

The insurer will now carry out survey at AMRI to determine the extent of damage for claim settlement, said Mr N.S.R. Chandraprasad, Chairman and Managing Director, NIC.

“The hospital had been sealed immediately after the incident. We have been allowed to conduct inspection of the site just about 15 days back,” Mr Chandraprasad told newspersons on the sidelines of an interactive session organised by the MCC Chamber of Commerce and Industry.

AMRI Hospitals is jointly promoted by FMCG company Emami Group which holds 66 per cent, and city-based real-estate company Shrachi Group, which holds 32 per cent. The State Government holds a 2 per cent stake in the hospital.

Nine directors and four employees of the hospital were arrested in connection with the December 9 fire, which claimed the lives of over 90 people, mostly patients.

According to Mr Kuldip Singh, Director and General Manager, NIC, the company's surveyor has conducted an initial inspection of the site.

When asked about the timeframe for assessing the extent of damage and settlement of claims, Mr Singh said, “Settlement of property and marine claims are quite complicated as the client takes time to submit the relevant documents.”

The AMRI group has an insurance cover of Rs 200 crore. The fire incident will not hinder renewal of the AMRI contract for the present financial year, Mr Chandraprasad said.

Tighter system

NIC has further strengthened its system of risk evaluation post the incident, he added.

NIC will take up risk assessment in all contracts with fire and engineering cover worth over Rs 50 crore. Earlier, the insurer had ordered assessment of properties worth over Rs 100 crore, he said.


NIC aims to achieve close to 22 per cent rise in premium for 2012-13 to Rs 9,500 crore, as compared with Rs 7,800 crore last year. The company had registered around 25 per cent rise in premium in 2011-12.


Published on November 15, 2017

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