Finance Ministry Helps Kerala Landslide Victims with Insurance Claims
The Finance Ministry has directed five public sector insurance companies to assist victims of the Kerala landslide in securing insurance claims. The companies are reaching out through various channels such as local newspapers, social media, company websites, and SMS to provide contact details for assistance in the districts of Wayanad, Palakkad, Kozhikode, Malappuram, and Thrissur.
LIC has been asked to expedite claims under the PM Jeevan Jyoti Bima Yojana. The documentation required for processing claims has been relaxed to ensure speedy dispersal of the claim amount. The General Insurance Council will coordinate with insurers for faster claim processing and will host a portal for daily claim status updates.
The tragic landslide in Wayanad has claimed 308 lives, with 215 bodies and 143 body parts recovered. Rescue operations are ongoing, with 78 naval personnel deployed in the Chooralmala and Mundakkai areas of Wayanad.
Doubts Revealed
Finance Ministry -: The Finance Ministry is a part of the government that handles money matters, like taxes and spending.
Kerala -: Kerala is a state in the southern part of India, known for its beautiful landscapes and backwaters.
Landslide -: A landslide is when a large amount of earth, rocks, and debris suddenly slides down a slope, often caused by heavy rain.
Insurance Claims -: Insurance claims are requests made to an insurance company for payment based on the terms of an insurance policy.
Public Sector Insurance Companies -: These are insurance companies owned by the government, like LIC and others.
LIC -: LIC stands for Life Insurance Corporation of India, a big government-owned insurance company.
PM Jeevan Jyoti Bima Yojana -: This is a government insurance scheme that provides life insurance coverage to people.
General Insurance Council -: This is a group that represents all general insurance companies in India and helps coordinate their activities.
Wayanad -: Wayanad is a district in Kerala, known for its hills and forests.