Centre appoints high level committee to review relief measures in Kerala by banks and insurance companies

NewsBharati    29-Aug-2018
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Thiruvananthapuram, August 29: As Kerala is coming out of the large devastation due to floods, several state governments and various officials have come forward extending a helping hand to God’s own country. Taking a further step in reviewing the relief measures and rehabilitation efforts, the banks and Insurance companies have also left no stones unturned to help the needy.

 

To review the relief measures and rehabilitation efforts being undertaken by the Banks and Insurance Companies in Kerala, Union Minister of State Pon. Radhakrishnan will visit Kerala in the light of the large-scale devastation caused by the recent floods in the state.

Various relief measures pertaining to re-opening of all submerged or flood-affected bank branches and ATMs, exchange of Soiled, mutilated and defective currency and extension of loan repayment period etc. have already been initiated by all the banks.

All Insurance companies have also started processing various flood-related claims to ensure expeditious settlement. They have already established Special Camp Offices, deployed additional Surveyors and waived document requirements etc. for speedier claims payment so that quick relief is ensured to the affected people.

Widespread publicity is being given about various relief measures being undertaken, about setting-up of facilitation centres and appointment of Nodal Officers in the vernacular newspapers and electronic media for ensuring that maximum relief benefits are availed by the affected population.

The delegation would comprise of senior officers from the Central Government including the Additional Secretary, Debashish Panda and Economic Advisor, N. Srinivasa Rao from the Department of Financial Services, Ministry of Finance. Chairman and Managing Directors from the Public Sector Banks (PSBs) and Insurance Companies including Agriculture Insurance Co. of India Ltd. NABARD would also be present in the meeting along with the senior officers from the State Government and other concerned agencies.