Guidelines on settlement of Life Insurance Claims to the victims of Flood in Maharashtra


IRDA vide circular dates 06-08-2021 has issued Guidelines on settlement of Life Insurance Claims to the victims of Flood in Maharashtra. Life insurers are advised to take the following actions immediately:

1.    Designate a senior level officer as the nodal officer in the state for coordinating/expediting settlement of all claims reported, who will immediately establish contact with the Chief Secretary or the officer concerned of the state and maintain close contact for subsequent follow up. Designate similar nodal officers for each of the affected districts to liaise with district administration, and intimate the contact details of all nodal officers designated to the Authority.

2.    Publicize the details of designated officers, special camps etc in the media and through the state Government to facilitate expeditious filing of claims. Start 24×7 helplines, as required. Details of such publicity activities may be sent to the Authority, immediately.

3.    Initiate immediate action to ensure that all reported claims are registered and eligible claims are settled promptly. Special attention may also be given to PMJJBY claims.

4.    A suitably simplified process/procedure including relaxations in the usual requirements wherever feasible may be considered to expedite claims settlement. 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 Chennai floods in 2015 may be considered.

The Progress report on the claims settled shall be submitted to and and  on a weekly basis every Monday before 12.00 PM (first such report to be received on 9th August  2021)  for data up to last working day of the previous week. 

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