In response to the recent Air India plane crash in Ahmedabad, two major life insurance companies, Life Insurance Corporation (LIC) and Bajaj Allianz Life Insurance, have announced measures to expedite the claim settlement process for the victims’ families. Recognizing the immense hardship faced by the families of the deceased, the companies have relaxed their documentation requirements and established special processes to facilitate timely claim settlements.
LIC has introduced a concession in providing a death certificate for claims related to the plane crash. If a death certificate is not available, the company will accept alternative evidence from government records or documents related to compensation received from the government as proof of death. The company has also set up a dedicated helpline (022-68276827) and is encouraging claimants to reach out to their nearest LIC branch to initiate the claim process.
Similarly, Bajaj Allianz Life Insurance has formed a special claim settlement desk to prioritize claims related to the plane crash. The company has relaxed its documentation norms, allowing for a certificate issued by a municipal authority or hospital to be used as an alternative to a death certificate, along with the nominee’s KYC and bank mandate.
Both companies have expressed their commitment to supporting the families of the deceased and are taking proactive steps to ensure that the claim settlement process is expedited. By relaxing their documentation requirements and establishing dedicated processes, LIC and Bajaj Allianz Life Insurance aim to provide timely financial assistance to those affected by the tragic event. The companies’ efforts demonstrate their empathy and understanding of the challenges faced by the families of the victims, and their willingness to provide support during this difficult time.