Coonoor crash: Insurers settle claims in ‘shortest possible time’

State-owned common insurers, together with New India Assurance (NIA) and United India Insurance (UII), final week rushed to settle the non-public accident (PA) claims of all navy personnel, together with the primary Chief of Defence Staff (CDS) General Bipin Rawat and Brigadier LS Lidder inside hours after they misplaced their lives in a tragic helicopter crash in Coonoor.
Chennai-based UII has settled group private accident (GPA) claims of deceased defence officers, together with General Rawat and others, whereas NIA paid the declare of Brigadier Ladder on the shortest potential time, officers mentioned.
For UII, the crash victims have been lined below its State Bank of India (SBI) GPA Policy for account holders and all these claims price round Rs 30 lakh every have been settled in file time of half-hour on receipt of paperwork, a feat by no means heard of within the business, sources mentioned. Life Insurance Corporation (LIC) can be within the means of settling the claims, mentioned an official.
Brigadier Lidder was lined below a coverage issued by the Mumbai Large Corporate Broker Office-2, which covers defence personnel having wage accounts with Axis Bank. “NIA holds our defence personnel on the highest pedestal and this act of settlement of claim is our way of offering deepest respects to the departed soul and support to the family,” mentioned Atul Sahai, CMD, NIA.

“UII settled the GPA claims of all the decorated army and IAF officers including CDS Bipin Rawat in record time post the tragic helicopter crash. They were all covered under our SBI GPA Policy,” mentioned Satyajit Tripathy, CMD, UII.
The SBI Defence Salary Package (DSP) account is supposed for the Indian defence personnel of the Army, Navy, Air Force, Indian Coast Guard, Assam Rifles, Rashtriya Rifles (RR) and a Group Accident Policy issued by the UII for this package deal has provisions to pay an insurance coverage declare of Rs 30 lakh in case of dying or whole incapacity and Rs 10 lakh for partial incapacity of an account holder.

“Upon our enquiries, we received a formal request from our intermediary partner on Friday, requesting for speedy settlement of the claim of Brig. Lidder, one among the unfortunate occupants of the helicopter. Our team immediately sprang into action, obtained minimum mandatory documents required for the bank and expeditiously released the amount of sum insured i.e. Rs 30 lakh within an hour and also ensured that the amount gets credited to their Axis Bank account the same day,” Sahai mentioned.
UII additionally rapidly settled the claims of Squadron Leader Kuldeep Singh, Indian Air Force, Wing Commander Prithvi Singh Chauhan (IAF), Junior Warrant Officer (JWO) Rana Pratap Das (IAF), JWO Pradeep Arrakal (IAF), Naik Jitendra Kumar (Indian Army), Naik Gursewak Singh, and Havaldar Satpal Singh (Indian Army). Group Captain Varun Singh is the lone survivor of the crash and is present process therapy in Bengaluru.