Will Fast-Track Settlement Of Claims: LIC After 3-Train Crash In Odisha

Insurance behemoth LIC said in lieu of registered death certificates, a list of casualties published by the Railways, police or any state or Central authorities will be accepted as proof of death.

India's Life Insurance Corporation (LIC) on Saturday announced many relaxations for the claim settlement process for the victims of the horrific three-train pile-up in Odisha's Balasore that killed over 270 people. The tragedy is being described as one of the worst in the country.

"We are deeply saddened by the tragic train accident in Balasore, Odisha on Friday. LIC is committed to supporting those affected and will expedite claim settlements to provide financial relief," LIC chairman Siddhartha Mohanty said in a statement.

On Sunday, Indian Railways sought a CBI inquiry into the accident, and also indicated that the electronic interlocking system, which serves as a safety mechanism to prevent collisions and conflicting movements between trains, could have been tampered with.

Kavach", the indigenously developed automatic train protection system, was not available on the route where the accident took place.