Uttarakhand insurance claims estimated at Rs 3,000 crore
Coimbatore, July 7: General insurance claims on account of damage caused by the flood fury in Uttarakhand were estimated to be around Rs 3,000 crore, a top official of United India Insurance Company Ltd, (UIIC) said on July 6.
General insurance claims arising out of the floods was estimated to be around Rs 3,000 crore, in which UIIC exposure would be Rs 500 crore, company Chairman cum Managing Director Milind Kharat told reporters here.
"United
India
has
substantial
exposure
in
Uttarakhand
and
we
are
eager
to
settle
the
losses,"
he
said.
UIIC
had
so
far
received
37
claims,
he
said,
adding
that
surveyors
were
unable
to
reach
the
damaged
sites,
to
assess
the
losses.
The claims were mainly from hydel power projects, which suffered substantial losses. There were also claims pertaining to property and vehicle damage.
As the insurances companies expected more claims, the General Managers of four public sector general insurance companies— UIIC, New India Assurance, Oriental Insurance and National Insurance—would meet in Dehradun next week to devise a strategy for early claim settlement, Kharat added.
PTI