Two state-run general insurance companies have settled insurance claims from Chief of Defense Staff (CDS) General Bipin Rawat and Brigadier General LS Lidder, who died in the helicopter crash along with 11 others earlier this month, at record speed.
Gen Bipin Rawat, his wife Madhulika, Brigadier General Lidder and 10 other armed forces personnel were killed in the Mi-17V5 helicopter crash near the Coonoor city of Tamil Nadu on December 8 in one of the biggest plane crashes in India for decades involving senior military officers.
All defense personnel get the benefit of a group accident insurance with their payroll account.
According to the news agency PTI, United India Insurance (UII) has so far settled the claim for personal accident insurance for Gen Rawat and seven other defense personnel on a record of 30 minutes.
New India Assurance (NIA) paid Brig Lidder’s claim within an hour of receiving the claim from the bank he had an account with, PTI reported, referring to people familiar with the matter.
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“On December 10, we received primary information from the bank that these account holders had been martyred in the accident. As soon as the information came, we settled the amount of compensation with the minimum required paper that had come to us from the bank.” UII President and CEO Satyajit Tripathy told PTI.
Tripathy said the amount of insurance given to Indian Army officials is ₹30 lakh and that for officials of the Indian Air Force is ₹40 lakh.
Tripathy said the eight employees, including Gen Rawat, were covered by the SBI group’s personal accident policy for account holders.
The official also said that UII is also processing the personal accident insurance claims for two additional defense personnel who had a group personal accident policy with the Punjab National Bank.