State-owned life insurer life Insurance Corporation’s subsidiary lIC Nepal is gearing up to settle the claims in the earthquake-hit country. lIC’s corporate office in Mumbai has already issued special instruction to its Nepal company.
“We have a separate company in Nepal, known as lIC (Nepal) where lIC has a majority of stake of 55 percent in that company. It’s too early to reach any conclusion as everything is stuck there. School and colleges everything is shut over there since the earthquake took place,” lIC chairman SK Roy told PTI.