Personal Finance »Insurance»Insurance Details
Insurance Details
Back

Speed up claim settlement process: Irdai to insurance firms

BS Reporter / 29 Jun 17 | 05:30 AM

The Insurance Regulatory and Development Authority of India (Irdai) has asked all the insurance companies (general, life, health) to comply with its previous order on how to deal with delayed intimation of claims and delayed submission of documents by the claimants.  


The order dated 29th September, 2011, had said that the insurers should develop a sound mechanism to deal with such claims where the claimant submits its prescribed documents for claim settlement after the specified time period for submitting documents has lapsed.

Widgets Magazine
Widgets Magazine

Sensex

Company Price Gain (%)
Infosys1,009.951.87
M & M1,434.701.05
Kotak Mah. Bank1,031.000.98
Bajaj Auto3,293.100.96
Power Grid Corpn211.100.91

Poll

It has been a year since demonetisation was announced. What is your view about the move?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine