LIC South zone settles 268 tsunami claims
By Our Banking Bureau | 27 Jan 2005
Life
Insurance Corporation of India's (LIC) south zone offices
that include Tamil Nadu, Kerala and Pondicherry have settled
268 claims amounting to Rs2.38 crore, according to the
south zone's regional manager, R R Nair.
Except for a handful of claims, these represent the total claims on LIC following the tsunami tragedy. The largest number of claims was from Thanjavur division, which includes Nagapattinam the worst affected town where claims estimated at Rs1.70 crore were settled.
LIC expects claims through group schemes from Pondicherry where a large number of households are insured. Nair said the numbers are not large as the zone is normally faced with 50,000 death claims a year.
