Life Insurance Claims Settlement Guidelines for Kerala Floods

[Image Image omitted. See the official document.]

Ref: IRDA/LIFE/Kerala Floods/2018-19

17th 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

As a result of the heavy rains and floods, there are reports of loss of human lives and loss of belongings in the state of Kerala. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take the following actions immediately:

1. Initiate immediate action to ensure that all reported claims are registered and eligible claims are settled expeditiously.
2. With regard to claims involving loss of life, where difficulty is experienced in obtaining a death certificate due to non-recovery of body etc., the process followed in the case of Tamilnadu floods in 2015 may be considered.
3. A suitably simplified process/procedure including relaxations in the usual requirements wherever feasible may be considered to expedite claims settlement.
4. Details of offices/special camps set up for the purpose may be publicized in the press, electronic media etc to enable immediate filing of claims. Details of such publicity activities may be sent to the Authority, immediately.
5. Progress report on the claims settled for the state of Kerala shall be submitted to ronanki.venkatesh@irda.gov.in and life@irda.gov.in on weekly basis every Monday for data up to last working day of the previous week. PMJJBY claims data need to be submitted separately while including the same in total claims.

This is issued with the approval of the Competent Authority.

[Image Image omitted. See the official document.]
Chief General Manager (Life Insurance)

Format of Progress report on the claims settled for the week ending

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