Business
Dana Plane Crash: Insurance Firm Verifies 10 Claims
Prestige Assurance Plc says only 10 claims have been verified by a legal firm engaged for the payment of insurance claims to beneficiaries of victims of the DANA plane crash.
Prestige Assurance is the main underwriter for the DANA Airline, which crashed on June 3, into a residential building in Iju-Ishaga area of Lagos, killing all 153 people on board and several others on ground.
Managing Director of Prestige Assurance Plc, Dr Anand Mittal, gave the figure in an interview with our correspondent on Tuesday in Abuja through e-mail.
He said, “ Yomi Oshikoya & Co. had received 41 potential claims for advance payment out of 153 passengers and 10 claims have been verified by the legal firm.
“We asked our legal firm to give the list of the victims’ relatives, who have completed their documentation and payments will be released once they advice us.”
Mittal explained that no information or documentation had so far been received from the relatives of victims, who died on the ground.
“Our legal firm has not yet informed us about the list of those who died on the ground.”
He said for those already verified, the company would provide “cheque to individual claimants through their legal firm immediately they receive the list from the firm.
“We have already informed them to provide the list today.”
The managing director also said that Messrs Clyde & Co, the legal firm appointed by foreign based re-insurers had also engaged the services of Messrs Yomi Oshikoya & Co, to assist with the verification of documents.
The management of DANA Airlines had announced that compensation of $100,000 (about N16 million) would be paid to the dependants of each of the victims of the plane crash in accordance with the provisions of the law.
The amount is payable under the Special Drawing Right of Article 17 of the Montreal Convention, which has been domesticated in Nigeria.
According to Mittal, dependants of the victims will receive the initial 30 per cent of the amount, payable within 30 days of the accident.