Life insurers fast-track claim process in flood-hit J&K

September 19, 2014 22:55

Life insurance companies are fast-tracking claim settlement coming from Jammu and Kashmir to provide speedy relief to those affected by the worst-ever floods in 109 years.

Aviva Life Insurance and HDFC Life, both private sector players, have relaxed their claim settlement process exclusively for victims of Jammu and Kashmir floods.

In order to provide quick assistance to the relatives of the victims, Aviva has relaxed documentations in terms of minimising the need for relevant papers to facilitate prompt intimation and settlement of death, survival and maturity claims.

"Given the extent of the tragedy, at Aviva we have also waived off late fee and revival fee for lapsed policies for one year (until 30 September 2015).

"This waiver will be valid not only for the local residents but also for those who had been travelling to the affected areas and got stranded due to the floods," Aviva Life Insurance Chief Operating Officer Snehil Gambhir told PTI.

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