Insurance claims in TN to be settled in a month

Jaitley discusses flood situation with Jaya

Insurance claims in TN to be settled in a month
Union Finance Minister Arun Jaitley on Sunday said the insurance claims submitted by applicants in the flood-hit districts of Tamil Nadu will be settled in four weeks.

During his meeting with Chief Minister Jayalalitha to discuss about flood related issues of the state, the senior BJP leader said natural tragedies pose a challenge and insuring the life and property will help people to face the situation.

Asking the insurance companies to settle the claims fast, Jaitely 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.

Claiming that all the insurance firms, 27 public sector and 17 private sector banks, which had attended a meeting chaired by him earlier in the day, have been asked to provide all assistance to the people in the flood-affected areas, including soft loans. Jaitley said loans will be extended to those affected by the recent floods under the MUDRA scheme.

Earlier, during his meeting with the ruling AIADMK chief, Jaitely had discussed about the relief and rehabilitation activities in the flood-affected districts of the state.

During the discussion, Jayalalitha asked the Finance minister to immediately sanction a further Rs 2,000 crore considering the severity of the devastation caused by the recent floods and to sustain the vigour of the restoration operations.

Jaitely also assured that the requests of the Tamil Nadu government will be examined expeditiously by the Union government and necessary sanctions will be cleared soon.

Sunday’s meeting assumed significance on the backdrop against various key bills to be passed by the Centre in Parliament in which AIADMK is the third largest party.

The AIADMK has 49 MPs in both the Houses of Parliament and its support to the Centre on passage of key bills is crucial in the event of a possibility of a voting on the GST Bill, to which support of the Congress was totally ruled out.

However, to a question on whether he discussed the GST Bill with the chief minister, Jaitley said he had come to meet her to discuss about the ongoing flood relief and rehabilitation works in the flood-affected areas.

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