The Coromandel Express and Yesvantpur Express’ 21 carriages derailed near Bahanaga in the Balasore region of Odisha, causing at least 288 fatalities and over 1,000 injuries, according to reports. One of the deadliest railway accidents to occur in the country in more than two decades.
“To mitigate the hardships of the claimants of SBI Life policies, the company has taken immediate steps to ease the claim settlement process and documentation process which includes receiving alternate valid proofs of the claimants and support the family members of the deceased in this crucial time,” stated the SBI Life press release.
The SBI Life press release stated, “As the company promises to stand by its policyholders as well as their immediate family members, efforts are put in place to ensure our services reach the affected.”
“While the rescue operation by the concerned authorities continue, the company has put in place measures and policies to immediately expedite the claim settlement process for providing financial relief to the policyholders who have been the victim of this tragic train accident and their family members. As the company promises to stand by its policyholders as well as their immediate family members, efforts are put in place to ensure our services reach the affected. As a responsible insurer, we will do everything that is required to provide ease to the claimants and their immediate family members by making necessary relaxations in the claim settlement process. We are committed to provide support to the affected through quick claims settlement,” SBI stated further.
The company has also established a separate help desk to answer to claims-related queries and aid claimants in guaranteeing a smooth claim settlement.The kin of the victims can connect with the company officials via email- firstname.lastname@example.org and toll free number- 1800 267 9090.LIC relaxes claims process
Life Insurance Corporation of India (LIC) has also announced relaxations for victims of the Balasore train tragedy and will speed up claim settlements in order to provide financial relief. To help affected families, LIC chairman announced many concessions to mitigate the hardships of the claimants of LIC Policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana.
Also read: LIC death claim settlement: LIC announces relaxations for victims of Odisha train accident
LIC in an official press release stated: “LIC Of India is deeply saddened by the tragic train accident in Balasore, Odisha on 02.06.2023. LIC Of India is committed to supporting those affected and will expedite claim settlements to provide financial relief. Shri Siddhartha Mohanty, Chairperson LIC expressed grief said that our hearts go out to the victims and their families. “