Latest News
Bajaj Allianz Life Insurance

Bajaj Allianz Life Eases Claim Settlement Norms for the Earthquake Affected

Initiatives for faster claim settlement norms; a special team to handle these cases on priority

Apr 29, 2015   12:00 IST 
Pune, Maharashtra, India

Bajaj Allianz Life Insurance has simplified its claim settlement norms for the victims of the devastating earthquake in Nepal and northern and eastern parts of India.

In the massive earthquake in Nepal, Indian states of Uttar Pradesh, Bihar, West Bengal, Assam, Sikkim, Delhi, NCR, Uttarakhand, Rajasthan and Jharkhand many lost their near and dear ones and some are still missing.

Considering the situation, Bajaj Allianz Life Insurance has reduced the documentation for claim applications for the earthquake victims. While the requirement for documents has been already minimized, procedure for investigation conducted by the insurer may be waived off if prima-facie documents establish the life assured’s death is due to earthquake.

The Company has announced that it would make the best efforts to settle a majority of the claims coming out of this natural disaster within 72 hours.

Wherever death certificate issued by Registrar of Births & Deaths is not available, the insurer will accept the certified list (Government Gazette copy) having name of life assured issued by either of Government Hospitals or Police or Government authorities of Nepal and States of India or Armed forces involved in rescue operations.

Besides, the minimum documentation required for claim include KYC of nominee (ID proof & Address Proof) along with bank details for enabling NEFT and photograph of the deceased or missing life assured.

Other rider benefits (except Accidental Death Benefit) shall be processed on the basis of hospital records of treatment post disaster for accidental disability and other rider benefits.  Accidental Death Benefit shall be considered along with claim for Death Benefit.

In case of missing persons, presumption of death shall be on the basis of the list provided, as and when, by the Government of Nepal/ Government of India or the respective state governments on missing persons and the requirement of 7 years waiting period shall not be insisted upon.

Bajaj Allianz Life Insurance claims team has also set up a dedicated team to assist the earthquake affected people in faster claim settlement. The helpline numbers email IDs include

Rebecca Nunes 02066089926;,

Mallikarjuna A 020-66286489;,

Nirmala B 020-66089929;

About Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world. Bajaj Allianz Life Insurance is one of the leading private life insurance companies in India. The Company has developed insurance solutions that cater to every segment and age-income profiles. Currently, Bajaj Allianz Life Insurance has a strong product portfolio with adequate flexible products to cater to all kinds of customer needs from ULIPs to Child plans, from group insurance to health insurance. The Company began its operations in 2001 and today has a pan-India presence with 759 branches in India. Bajaj Allianz Life Insurance has been constantly expanding its operations to be close to their customers. 

Media Contact Details
Ranjan Dutt
Bajaj Allianz
+91 9673933355
Ayan Pramanik
Bajaj Allianz
+91 9730240099
Snigdha Nair
Adfactors PR
+91 9920481191
Veena Krishnan
Adfactors PR
+91 9930309052
For press background on Bajaj Allianz Life Insurance

click here