LIC does it again - settles death claims in record twelve hours time
Rising to the occasion and coming to the aid of people who are in distress have become a regular feature of LIC's functioning. LIC settled death claims in Tsunami, earthquakes,floods and other disasters waiving all regular formalities. LIC does that again in record time in an unfortunate accident in Tamilnadu's nagai district. .
Eight bus crew members of Tamil nadu state transport corporation were crushed to death when
the roof of the building collapsed on them at the TNSTC depot at Porayar in Nagapattinam
district in the early hours of 20.10.2017. After hearing the news, office bearers of Insurance corporation employees Union, Thanjavur initiated settling the claims of the deceased employees. They immediately contacted the servicing branch unit of the Transport corporation, Kumbakonam 2 branch and asked them to collect the details of Policies of the deceased in the accident. Death details of the dead personnel were received with the help of CITU comrades and officials in the State transport corporation within matter of hours. The LIC divisional administration as well as the southern zonal office of the corporation were also very appreciative of the idea to settle the claims in record time. As it was a disaster, they were also more than willing to waive all formalities and death claim settlement was cleared off in lightning speed. The branch comrades of Claims, SSS and accounts dept swiftly did all the paper work related to the settlement of claim. There were -- number of policies and for all of them, necessary paper work was done in a matter of hours and the cheques were ready to be handed over to the nominees of the deceased by 2 pm. A team comprised of Branch Manager Development officer, agent and comrades of Kumbakonam branch 2 visited all the seven places of the deceased persons' residences and handed over cheques to the nominees even before tears in their eyes dried off. Total amount settled was Rs 15 lakhs and it is important to note that the amount was disbursed to the affected families well before the Tamilnadu Government and Transport corporation compensation amount reached them. TN govt announced a relief amount of Rs 7.5 lakh each to the next of kin of the deceased. This shows the commitment of all the tiers our institution, Employees, Officers, Development officers and agents to
service of our Policyholders.It was indeed a result of our team work.
Rising to the occasion and coming to the aid of people who are in distress have become a regular feature of LIC's functioning. LIC settled death claims in Tsunami, earthquakes,floods and other disasters waiving all regular formalities. LIC does that again in record time in an unfortunate accident in Tamilnadu's nagai district. .
Eight bus crew members of Tamil nadu state transport corporation were crushed to death when
the roof of the building collapsed on them at the TNSTC depot at Porayar in Nagapattinam
district in the early hours of 20.10.2017. After hearing the news, office bearers of Insurance corporation employees Union, Thanjavur initiated settling the claims of the deceased employees. They immediately contacted the servicing branch unit of the Transport corporation, Kumbakonam 2 branch and asked them to collect the details of Policies of the deceased in the accident. Death details of the dead personnel were received with the help of CITU comrades and officials in the State transport corporation within matter of hours. The LIC divisional administration as well as the southern zonal office of the corporation were also very appreciative of the idea to settle the claims in record time. As it was a disaster, they were also more than willing to waive all formalities and death claim settlement was cleared off in lightning speed. The branch comrades of Claims, SSS and accounts dept swiftly did all the paper work related to the settlement of claim. There were -- number of policies and for all of them, necessary paper work was done in a matter of hours and the cheques were ready to be handed over to the nominees of the deceased by 2 pm. A team comprised of Branch Manager Development officer, agent and comrades of Kumbakonam branch 2 visited all the seven places of the deceased persons' residences and handed over cheques to the nominees even before tears in their eyes dried off. Total amount settled was Rs 15 lakhs and it is important to note that the amount was disbursed to the affected families well before the Tamilnadu Government and Transport corporation compensation amount reached them. TN govt announced a relief amount of Rs 7.5 lakh each to the next of kin of the deceased. This shows the commitment of all the tiers our institution, Employees, Officers, Development officers and agents to
service of our Policyholders.It was indeed a result of our team work.
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