How Much Did Each Victim Receive Thiru The Vcf Fund?

Some incidents that happen in our lives leave a mark on our memory for a very long time, and one such incident is terror attacks. Terror attacks are an act that is done to kill or harm civilians or people, to harm the nation, or compel a government to do any sort of act that is beneficial for them. One such terror attack which every adult above the age of 25, to the age of 80 or 90, remembers is the case of 9/11. Let us know How Much Did Each Victim Receive Thiru The Vcf Fund?

How Much Did Each Victim Receive Thiru The Vcf Fund?

This was one of the most terror-filled days in the history of the US. This attack was conducted by Osama Bin Laden, who ordered 19 terrorists to hijack planes and crash land on US high-rise buildings. The major victims were from the World Trade Center in the US. The government has been actively trying to compensate and do something for the people who lost their lives.

How Much Did Each Victim Receive Through The Vcf Fund?

The number of people who were injured and killed in the 9/11 terrorist attack was very large, and the VCF fund was created to compensate those people or their family members who had lost someone in the terror attack or had been injured. Total deaths accounted for 2977 civilians, and injured people were also 25,000 in number. The VCF fund was formed a few days after the terror attack with the motive of compensating everyone who suffered in the attack.

Victims who were injured or killed in the 9/11 attack were compensated for their losses and injuries, and the fund payment was divided into two categories. The first one was for people who got injured in the attack, and the second group was for people who lost their lives in the attack. The money which was received by the victims ranged from $500 to $9 million.

Terms and conditions for the VCF fund claim

The VCF fund was created in September 2001, after the 9/11 attack. It was created by the government for people who got injured or whose family members passed away after a terror attack.

The conditions for submitting a VCF fund claim

  1. A terrorist attack should never happen again.
  2. A person who is applying for funds cannot bring a case against the airline companies after the concession.
  3. They should be able to prove that they were harmed in the attack.
  4. A person needs to register for the claim.
  5. The person filing a claim for the fund must demonstrate that they were either directly affected by the attack or were in the New York exposure zone following the attack.
  6. If any person is applying twice for the fund because their injury has improved or condition has degraded after that, then they need to present their VCF-1 certificate.

These were the conditions put by the government and lawsuits for filing a claim. The claim was formally closed in the year 2004, but the government again opened it in 2010, and it is still working.

How much money did the victims receive?

The victims were divided into two categories:

People who got injured in the attack

The total claims that were accepted and payments made an account for 4,445 people who were injured in the attack.

Depending on the severity of the injury, a person was granted $500 to a maximum of $8 million. The maximum accounts for people who have claimed twice for the fund as their injury grew after some years.

People who were killed in the attack

The total number of claims that were accepted and paid for the deaths that occurred in the attack was 2,963 people. The claims have been made by their family members or close ones.

The death claims were granted $2 million to $7.5 million.

Payment process

The payment was classified into two groups of people: one who was a resident of the US and the other group were people who were from outside the US.

For US residents

After completing the registration form and verifying the document presented to the government, the payments were directly transferred into a personal account.

It takes a maximum of 30 days to complete the process.

  1. For people who live outside the US,

People who live outside the US, need to fill out the registration form along with the other form through the bank. Both of the forms need to be submitted within 1 day when the person registers for a claim.

After the registration form has been filled and submitted, it takes around 30–45 working days for payment.

Conclusion

The VCF(victim compensation fund) was created for the victims who suffered injuries or died in the 9/11 terrorist attack in the US in the year 2001. The government, the airline’s company, and law firms jointly pay for the claims. The payments were made to people who got injured in the attack or were in the New York area where the gases hampered people, or their family members or close ones who died in the attack. Some other terms and conditions need to be fulfilled for the fund claim to be processed.

How Much Did Each Victim Receive Thiru The Vcf Fund?

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top