Irdai halves time to settle death claims by insurers
Friday, 6 September 2024
The Insurance Regulatory and Development Authority of India (Irdai) has enforced stricter timelines for insurance companies to boost accountability and customer service. Changes include faster settlement of death claims, quicker processing of policy surrenders, and prompt handling of health insurance claims. Customers can approach the ombudsman if these deadlines are not met.
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