The National Stock Exchange (NSE) and Life Insurance Corporation of India (LIC) have announced measures to support the families affected by the horrific terror attack in Jammu and Kashmir's Pahalgam that left 26 people dead.
Expressing deep sorrow over the tragedy, NSE’s managing director and CEO Ashishkumar Chauhan said, “We are deeply saddened by the tragic terrorist attack in Kashmir on April 22,2025 where 26 people lost their lives.” In a post on X, Chauhan added, “In a humble gesture of support, NSE pledges Rs 1 crore to the next of kin of the victims, standing in solidarity with their families during this difficult time.”
LIC also announced a relaxation in its claim settlement process for those affected by the attack. The state-owned insurer said it would expedite settlements to ensure families receive timely financial assistance.
LIC’s MD and CEO Siddhartha Mohanty said that the corporation has introduced several concessions to ease the burden on grieving families. In lieu of death certificates, any evidence in government records confirming the death of the policyholder due to the terrorist attack, or any compensation paid by the central or state government, will be accepted as proof of death, he said.
LIC added that it would proactively reach out to claimants and fast-track the entire process to ensure timely disbursal of claims.
The attack, which occurred on Tuesday at the scenic Baisaran meadow near Pahalgam in Anantnag district, claimed the lives of mostly tourists in what is now being called the deadliest assault in the Valley since Pulwama in 2019. Among the deceased were one foreign national and a local resident of Jammu and Kashmir.
Expressing deep sorrow over the tragedy, NSE’s managing director and CEO Ashishkumar Chauhan said, “We are deeply saddened by the tragic terrorist attack in Kashmir on April 22,2025 where 26 people lost their lives.” In a post on X, Chauhan added, “In a humble gesture of support, NSE pledges Rs 1 crore to the next of kin of the victims, standing in solidarity with their families during this difficult time.”
We are deeply saddened by the tragic terrorist attack in Kashmir on April 22,2025 where 26 people lost their lives. In a humble gesture of support, NSE pledges Rs 1 crore to the next of kin of the victims, standing in solidarity with their families during this difficult time.…
— Ashish Chauhan (@ashishchauhan) April 24, 2025
LIC also announced a relaxation in its claim settlement process for those affected by the attack. The state-owned insurer said it would expedite settlements to ensure families receive timely financial assistance.
LIC’s MD and CEO Siddhartha Mohanty said that the corporation has introduced several concessions to ease the burden on grieving families. In lieu of death certificates, any evidence in government records confirming the death of the policyholder due to the terrorist attack, or any compensation paid by the central or state government, will be accepted as proof of death, he said.
LIC added that it would proactively reach out to claimants and fast-track the entire process to ensure timely disbursal of claims.
The attack, which occurred on Tuesday at the scenic Baisaran meadow near Pahalgam in Anantnag district, claimed the lives of mostly tourists in what is now being called the deadliest assault in the Valley since Pulwama in 2019. Among the deceased were one foreign national and a local resident of Jammu and Kashmir.
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