Air India plane crash: LIC and Bajaj ease procedure of policy settlements for victims’ families
In the wake of the recent Air India crash involving a Boeing 787-8 aircraft, state-run Life Insurance Corporation of India (LIC) and private insurer Bajaj Allianz have announced significant steps to expedite the processing of insurance claims for affected families.
The crash occurred shortly after takeoff from Ahmedabad’s Sardar Vallabhbhai Patel International Airport, claiming the lives of 241 out of 242 passengers.
LIC has committed to providing prompt financial assistance to policyholders’ families impacted by the tragedy. The insurer has announced concessions aimed at mitigating the hardships faced by claimants.
“LIC has announced many concessions to mitigate the hardships of the claimants of LIC policies. In lieu of death certificates, any evidence in government records of death of the policyholder due to the plane crash or any compensation paid by central/state government /airline authorities will be accepted as proof of death,” the insurer said in a statement.
For claims: LIC said should claimants require additional assistance, they are encouraged to reach out to the nearest branch or division of LIC. Alternatively, claimants can contact LIC’s call centre at 022-68276827 for further support.
Similarly, Bajaj Allianz Life Insurance is taking urgent action to assist families of its policyholders affected by this incident. “With utmost urgency, an expeditious process has been established to swiftly settle these policy claims,” the company stated. It has simplified the documentation process, allowing nominees, legal heirs, or policyholders to more easily submit their claims. “In response to this unfortunate incident,” the company added, “it has activated special measures to assist families of its policyholders affected by the crash.”