The Bold Voice of J&K

Insurance cos to hold camp on Sept 29

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SEPTEMBER: In the backdrop of Chief Minister, Omar Abdullah’s communication dated 12th September, 2014 to the Prime Minister, requesting Union Finance Ministry to issue instruction to the insurance companies to activate their field surveyors and assessors and to establish offices across the State for timely disposal of insurance claims, a meeting was held on Saturday under the chairmanship of Principal Secretary, Finance, B.B Vyas with representatives different insurance companies to take review on deployment of survey teams to expeditiously settle the insurance claims and issues both under life and general insurance sectors.
The officers/representatives of the Companies participated were D.C Thakur Senior Divisional Manager, LIC Division Srinagar; A.U Alaie Manager Sales, LIC Srinagar; Rakesh Mohan Regional Manager, National Insurance Company Limited Jammu; Dr. S.L Khosa Dy. General Manager, The New India Assurance Company Ltd., Chandigarh; Dr. N. A. Sheikh Senior Divisional Manager, United Insurance Company Ltd, Srinagar; S.K Samantaray Dy. General Manager, National Insurance Company Ltd; R.N Gupta Regional Manager, New India Assurance Company Ltd.; S.P Chopra Regional Manager, National Insurance Company Ltd., Chandigarh; V.K Anand Senior Divisional Manager, New India Insurance Company, Divisional Office, Srinagar and Syed Abubakar Agency Manager, Oriental Insurance Company Ltd.
The meeting was told that 279 survey teams have been deployed in the valley by these Public Sector Insurance Companies for assessment of damaged/ lost properties and 6768 claims so far have been lodged before the various Insurance Companies, out of which 120 claims stands disposed off, with adhoc amount paid to the Insurants to the tune of Rs.4.17 crores as 50 per cent of the adhoc payment.
Further, it was disclosed in the meeting that the General Insurance Companies shall be holding a Three Day Mega Camp for J&K flood Related Insurance claims from 29th September 2014 to 1st October 2014 under the banner “Tatpar Aapke Saath’’.

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