Calabar - Mr Leonard Akah, Deputy Director, Authorisation and Policy, National Insurance Commission, said on Thursday in Calabar that 58 Dana Air crash victims' families had collected the initial 30 per cent payment.
Akah said this at a seminar for insurance correspondents in Calabar with the theme ``Making Insurance Work for All: The Micro Insurance Initiatives’’.
According to him, the 30 per cent payment is the initial 30,000 dollars due to the victims in passenger liability claims.
``About 126 families submitted applications out of which 58 were cleared and have been settled so far.
``This amount is exclusive of the pilots and the crew who have different claim calculations,” he said.
Akah said the remaining applications had issues ranging from multiple people coming out as claimants for one victim to non-submission of required documents for the claims.
He said that the necessary documentation and proper identification had to be made before any payment could be made, adding that the issues involved made it impossible for the claims to be paid within 30 days as required by law.
The deputy director said that the percentage covered the passenger liability and third party accidents, among others.
Akah said the remaining 70 per cent of the claims would be made after the processes of paying the claims had been concluded.
The insurance industry is expected to pay 350 million dollars as final claims for Dana Air crash.