Undisputed insurance claims to be settled in 4 weeks: Jaitley

Undisputed insurance claims submitted by applicants in the flood-affected districts of Tamil Nadu would be settled in four weeks, Union Finance Minister Arun Jaitley said today.

Talking to reporters after reviewing the relief and rehabilitation works in the flood affected districts of the state with Chief Minister J Jayalalithaa at the State Secretariat here, he said ombudsman would be appointed to settle the claims which have disputes.

He said so far 11,000 applications for claims have been received by insurance companies from IT and others of which 2,000 claims have been settled.

In respect of the remaining 9,000 applications, all the undisputed claims would be settled in four weeks.

''In respect of claims where there is a dispute, an ombudsman will be appointed to look into the dispute and settle the claim in another four weeks' time (eight weeks)'', he added.

Mr Jaitley also announced that banks have been instructed to provide finance without delay for crop loans, educational loans among others, while relaxing the repayment time for those who have also taken loans from banks.

Source: www.news.webindia123.com