Two state-run general insurance companies – New India Assurance and United India Insurance – have settled Group Personal Accident (GPA) insurance claims of defense personnel including India’s first Chief of Defense Staff (CDS) General Bipin Rawat and Brigadier at a breathtaking pace. LS Lidar, who recently died in a helicopter crash.
General Rawat, his wife Madhulika, Brigadier Lidar and 10 armed forces personnel were killed in a Mi-17V5 helicopter crash near Coonoor in Tamil Nadu on December 8, one of the biggest air crashes in India in decades, involving senior military personnel. officers were involved.
All defense personnel get the benefit of Group Personal Accident Insurance cover along with their salary account.
While United India Insurance (UII) has so far settled the personal accident insurance claim of General Rawat and seven other defense personnel in a record 30 minutes, New India Assurance (NIA) has settled the claims of Brigadier Lidar within an hour of receipt of the claim intimation. Has paid of. According to sources, the bank where he had an account.
“On December 10, we received a preliminary information from the bank that these account holders had died in an accident. As soon as the information came, we settled the claim amount with the minimum required paperwork that came to us from the bank,” said UII Chairman and Managing Director Satyajit Tripathi told PTI.
He said eight personnel, including General Rawat, were covered under the SBI GPA policy for account holders.
Tripathi said UII is in the process of settling personal accident insurance claims for two more defense personnel holding GPA policies with Punjab National Bank.
The sum insured given to army officers is 30 lakhs and this is for Air Force officers 40 lakh, Tripathi said.
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