Govt asks PSU insurers to ensure swift claim settlement in flood-hit Andhra, Telangana File photo
News Updates

Govt asks PSU insurers to ensure swift claim settlement in flood-hit Andhra, Telangana

PSU insurance companies have been directed to ensure swift claim settlements by organising special camps and easing claim processes for those affected by heavy rains and floods in Andhra Pradesh and Telangana

PSU Watch Bureau

New Delhi: The Finance Ministry on Thursday said PSU insurance companies have been directed to ensure swift claim settlements by organising special camps and easing claim processes for those affected by heavy rains and floods in Andhra Pradesh and Telangana.

The insurance companies have been also instructed to widely advertise the names and contact numbers of nodal officers to whom the policyholders can contact.

PSU Watch is now on Whatsapp Channels. Click here to join

In a statement, the Ministry said in view of the heavy rains and floods in Andhra Pradesh and Telangana, the Department of Financial Services issued directions, on Thursday, to the public sector insurance companies to extend and provide full support to the people affected by floods.

"The insurance companies have been instructed to ensure swift claim settlements by organising special camps and easing claim processes and thereby provide relief to those affected," the ministry said in a post on X.

The central government and finance ministry are committed to supporting those affected by this calamity and ensuring they receive the necessary assistance at the earliest, it added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IIFCL in talks with ADB, Korean Exim Bank to raise $600 million

Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

Govt invites job applications for PNGRB's Member post

Power Minister visits NHPC’s Nimoo Bazgo Power Station in Ladakh

Delegates from 18 countries attend RBI's policy conference of Global South central banks