The recent train accident in Odisha has left many families devastated. In response, the Life Insurance Corporation (LIC) has announced a number of measures to help the victims and their families. These measures include waiving the need for a death certificate, relaxing documentation requirements, expediting the claim settlement process, waiving policy surrender charges, setting up a help desk, and expediting claim settlement for victims.
Waiving of the Need for a Death Certificate
In the case of the death of a policyholder in the accident, LIC will accept a list of casualties published by the Railways, police, or any state or Central authorities as proof of death. This will speed up the claim settlement process, allowing families to receive the benefits they are entitled to without unnecessary delays.
Relaxing Documentation Requirements
LIC has relaxed the documentation requirements for claim settlement. In most cases, only a copy of the policyholder's ID proof and a death certificate will be required. This will make it easier for claimants to get their claims settled quickly and efficiently.
Expediting the Claim Settlement Process
LIC has committed to expediting the claim settlement process. In most cases, claims will be settled within 15 days of receiving all the required documents. This will help families receive the financial support they need to cope with the aftermath of the accident.
Waiving Policy Surrender Charges
LIC has waived off the policy surrender charges for those who have lost their lives in the accident. This means that the families of the victims will not have to pay any penalty if they choose to surrender their policies. This will provide some financial relief for families who may be struggling with the costs associated with the accident.
Setting Up a Help Desk
LIC has also set up a special help desk to provide assistance to the families of the victims. The help desk can be reached at 022-68276827.1800 22 71800. This will help families navigate the claims process and get the support they need to cope with the aftermath of the accident.
Expediting Claim Settlement for Victims
The LIC has said that it will expedite the claim settlement process for those who have lost their lives in the accident. This means that the families of the victims should receive their claims within a few weeks of submitting the necessary paperwork. This will help families receive the support they need as they begin to rebuild their lives after the tragedy.
Conclusion
The LIC's assistance is a welcome relief for the families of the victims of the Odisha train accident. These measures will go a long way in helping the victims to recover from this tragedy. By waiving the need for a death certificate, relaxing documentation requirements, expediting the claim settlement process, waiving policy surrender charges, setting up a help desk, and expediting claim settlement for victims, the LIC is providing much-needed support to those affected by the accident.
Shibashis Bnaerjee
