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Settlement of Claims in Respect of Train Accident Victims

Team AckoSept 21, 2023

This report explores the settlement of claims by Acko for the victims of a recent train accident in Orissa State on June 2, 2023.

It examines the process and outcomes of compensating those affected by the incident, shedding light on the measures taken to address their needs.

This analysis aims to provide insights into the challenges and strategies involved in resolving claims related to train accidents.

Contents

[AS OF 10/07/2023]

S No	Type of Insurance	Claims Reported	Claims Reported	Claims Settled	Claims Settled	Claims Outstanding	Claims Outstanding
		No.	Amount (In Rs lacs)	No.	Amount (In Rs lacs)	No.	Amount (In Rs lacs)
1	Personal Accident policies (PMSB)*	Nil	Nil	Nil	Nil	Nil	Nil
	1 a) Death	Nil	Nil	Nil	Nil	Nil	Nil
	1 b) Disablement	Nil	Nil	Nil	Nil	Nil	Nil
2	Policies issued through IRCTC*	Nil	Nil	Nil	Nil	Nil	Nil
	2 a) Death	Nil	Nil	Nil	Nil	Nil	Nil
	2 b) Disablement	Nil	Nil	Nil	Nil	Nil	Nil
	2 c) Medical Expenses	Nil	Nil	Nil	Nil	Nil	Nil
3	Personal Accident(Other than PMSBY)*	Nil	Nil	Nil	Nil	Nil	Nil
	3 a) Death	Nil	Nil	Nil	Nil	Nil	Nil
	3 b) Disablement	Nil	Nil	Nil	Nil	Nil	Nil
	3 c) Medical Expense	Nil	Nil	Nil	Nil	Nil	Nil
4	Health Claims	Nil	Nil	Nil	Nil	Nil	Nil
5	Misc. Claims including Embeded policies	1	0.20	1	0.20	Nil	Nil