Settlement of Insurance claims related to the floods in Jammu & Kashmir in September 2014

In the aftermath of the floods in Jammu &Kashmir in September 2014,the Public Sector General Insurance Companies received 13,909 claims , out of which 13,612 claims have been settled for a total amount of ₹ 729.75 Crore. For most of the 297 claims remaining, on account payment has already been made and final settlement is under process.

 The Private Sector General Insurance Companies received 34,163 claims , out of which 31,195 claims have been settled for an amount of ₹ 1076.12 Crore. Further, a total number of 2684 claims are under process with these companies for an amount of ₹ 225.17 Crore for settlement.

 The Life Insurance Corporation of India and the Private Sector Life Insurance Companies received 7 and 24 death claims respectively , and all these claims have been settled.