The estimated amount for 37 claims is about Rs.500 crore
United India Insurance has received 37 claims for settlement so far for loss and damage to properties in the Uttarakhand flash floods.
Chairman-cum-Managing Director of United India Insurance Milind Kharat told presspersons here on Saturday that four of the claims were related to hydel power projects and the rest were related to loss of property such as buildings, machinery, and vehicles. The estimated claim settlement amount for these is about Rs.500 crore. “We are eager to settle the claims at the earliest. We do expect more claims,” he said.
The company plans to revise the health insurance premium. It is yet to decide the rate of increase and whether it would be a revision across the board for all its health insurance products.
It plans to submit a proposal to the Insurance Regulatory and Development Authority in two months in this regard. United India Insurance was also looking at launching a combo product of life-cum-general insurance, he said.