Financial Daily from THE HINDU group of publications
Wednesday, Jan 12, 2005
Money & Banking
Industry & Economy - Natural Calamities
Kerala: Panel to draw up insurance scheme for coastal areas
Thiruvananthapuram , Jan. 11
THE State Government has constituted a seven-member committee with a mandate to chalk out a comprehensive insurance scheme for the coastal population of the State.
A decision to this effect was taken at a meeting of the representatives of major general insurance companies to assess tsunami relief, which was addressed by the Chief Minister, Mr Oommen Chandy.
Announcing this to newspersons, the Chief Minister said the committee would have four representatives of the insurance companies, apart from three of the State Government.
The Government representatives are Mr S. Sundaresan, Principal Secretary - Revenue; Mr Elias George, Secretary - Fisheries; and Mr T. K. Jose, Secretary in charge of the Kudumbasree poverty eradication programme as well as of the newly set-up Department for Disaster Management.
The seven-member committee will prepare a draft of the comprehensive insurance scheme and discuss the same with the Revenue and Fisheries Ministers in the presence of officials concerned.
The insurance companies have received individual claims worth Rs 93 lakh from 91 applicants residing in the tsunami-hit coastal areas. Claims will be redeemed during the course of the week, company representatives informed the meeting.
The Chief Minister recalled a precedent in which the Centre had directed insurance companies not to raise technical reasons delaying the disbursement of claim monies to the quake victims of Latur. The State Government will approach the Union Finance Ministry with a request to make such concessions apply in the case of tsunami victims in the State.
Among those who attended Tuesday's meeting were Mr Vakkom Purushothaman, Finance Minister; Mr K.M. Mani, Revenue Minister; Ms Gouri Amma, Agriculture Minister; Mr Dominic Presentation, Fisheries Minister; Mr Sundaresan, Mr Elias George and Mr T.K. Jose, Secretaries to Government; Mr S.M. Vijayanand, Secretary - Planning; Ms Lida Jacob, Secretary - Social Welfare; and Mr Harikumar, Secretary-Fisheries.
Representatives of the four PSU general insurance companies were also present. United India Insurance, New India Insurance, National Insurance and Oriental Insurance sent in their representatives to the meeting.
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