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Life insurers extend the circular provisions for Kerala flood claims to the flood-affected districts of Karnataka. Life insurers must settle claims for victims of floods in Karnataka. Life insurers submit a separate progress report for Karnataka on a weekly basis.
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[Image omitted. See the official document.]
Ref: IRDA/LIFE/Karnataka Floods/2018-19
20th August, 2018
To Chairman/CEOs of Life Insurers.
Sub: Guidelines on settlement of Insurance Claims of victims of recent Floods in the state of Kerala- Extension of the circular provisions to flood affected districts of Karnataka
This has reference to the circular dated 17th August 2018 directing to initiate steps for expeditious settlement of claims to the flood affected state of Kerala. It has come to our notice that some of the districts of Karnataka including Kodagu have suffered severe flooding and loss of lives and property. Therefore, it has been decided by the Competent Authority to extend the applicability of referred circular provisions to the flood affected districts of state of Karnataka too as declared by the state government. A separate progress report for Karnataka state in the format given below may be submitted on weekly basis.
[Image omitted. See the official document.] Chief General Manager (Life Insurance)
Format of Progress report on the claims settled for the week ending- Karnataka State
| Sl.No | Type of Claim | Claims reported | Claims settled | |||
|---|---|---|---|---|---|---|
| Number | Amount (in lacs) | Number | Amount (in lacs) | |||
| 1 | Individual Insurance | Death claims (including rider benefit if any) | ||||
| 2 | PMJJBY | Death Claims | ||||
| 3 | TOTAL | |||||
सर्वे नं.-115/1, फाइनेंशियल डिस्ट्रिक्ट, नानकरामगुडा, गच्चीबावली, हैदराबाद -500032, भारत दूरभाषः 91-040-2020 4000
Sy No. 115/1, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500032, India Ph. : 91-040-2020 4000
