"LIC will be opening a special office in that area to attend to all the claimants and relax the usual requirements for claim settlement", LIC acting chairman Thomas Mathew told reporters after a meeting with Finance Minister P Chidambaram.
According to sources, Chidambaram had suggested to the insurance major taking additional measures and relaxing norms with regard to missing persons to expeditiously settle insurance claims.
Under the existing norms, the LIC is required to wait for seven years before settling claims with regard to missing persons.
The state government, meanwhile, has decided to photograph and maintain DNA profile of unidentified victims.
Mathew and LIC chairman-designate S K Roy were in the Finance Ministry in connection with launch of 300 mini- branches of LIC by Chidambaram.