6. What Do Insurance Companies Do to Help the Survivors/ Nominees?

Four (4) public sector companies, all belonging to non-insurance firms, have come together to form General Insurers (Public Sector) Association (GIPSA). This organization aims to co-ordinate all earthquake related claims that spring up. It makes sure that all the claims that go to the court are genuine. Moreover, LIC has also decided to waive the penal interest for a period of 3 months, in case the policy-holder does not pay the premium on time. Additional help comes towards earthquake affected victims – if they have lost the originals certificates, a fresh one will be issued to them for free. Officers from such insurance firms also survey earthquake affected regions to provide necessary help to people.