Uttarakhand calamity: FM asks LIC to relax claim norms

Finance Minister directs LIC to Constitute to open a major office in Dehradun to settle claims relating to the calamity in Uttarakhand

June 26, 2013 9:59 IST | India Infoline News Service
Union Finance Minister P Chidambaram on Tuesday asked the Life Insurance Corporation of India (LIC) to constitute a special team to settle claims of those affected by the recent natural calamity in Uttarakhand.

He directed LIC to open a major camp office in Dehradun to settle the claims on centralised basis. He said that LIC should follow the same norms for settlement of claims as being followed by it during tsunami or earthquake in Bhuj and Latur in the past.

He said that LIC should not insist on the normal condition that requires seven years period in case of the missing people before death certificate is issued in their case in a normal situation. In this precarious situation, the Finance Minister said that an indemnity bond can be taken from the claimants in such cases and the claims may be settled on priority.

Chidambaram was addressing the senior officers of LIC and the Ministry of Finance in New Delhi after inaugurating 300 Mini Offices of LIC spread throughout the country. The Finance Minister opened these offices through video mode and also interacted with people present on the other side in a remote area through video conferencing.

The meeting was also attended among others by the Minister of State for Finance Namo Narain Meena, Secretary, Financial Services, Rajiv Takru, current Chairman in charge LIC, Thomas Mathew, LIC Managing Directors Sushobhan Sarkar and SK Roy and other senior officers of Ministry of Finance and LIC.

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