Irdai directs insurers to fast-track claim settlement process due to Biparjoy
1 year, 9 months ago

Irdai directs insurers to fast-track claim settlement process due to Biparjoy

ABP News  

The Insurance Regulatory and Development Authority of India has asked insurers to settle claims in the states affected by Cyclone Biparjoy in an expeditious manner. In a circular to CEOs of general insurance companies and standalone health insurance companies, the insurance regulator has advised them to expedite the settlement of claims in the states affected by cyclone Biparjoy. Insurers will be responding/assisting the claimants through their 24x7 helplines, and special claims desks at the district level with delegated claims settlement teams for speedy processing and settlement of claims, it said. Insurers have been advised to settle claim payments/on-account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence, it said.

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History of this topic

Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide
7 months, 4 weeks ago

Finance Ministry asks insurers to speedily disburse claim amount to victims of Wayanad landslide

The Hindu  

The Finance Ministry on Saturday asked public sector insurance companies including Life Insurance Corporation of India to speedily disburse the claim amount to landslide victims and their families in Wayanad and other districts of Kerala. The insurance companies have initiated efforts for reaching out to their policyholders through various channels to provide the contact details for assistance in the districts …

Finance Ministry urges insurance companies to support Kerala calamity victims for expedited insurance claims processing, payment
7 months, 4 weeks ago

Finance Ministry urges insurance companies to support Kerala calamity victims for expedited insurance claims processing, payment

The Hindu  

The Finance Ministry on August 3 urged all Public Sector Insurance companies to extend all possible support to Kerala calamity victims so that their insurance claims can be expeditiously processed and paid. “In view of the unfortunate landslide incident and heavy rains in Kerala, the government has mandated the Public Sector Insurance companies, including Life Insurance Corporation of India, National …

IRDAI directs insurers to fast-track claim settlement process due to Biparjoy
1 year, 9 months ago

IRDAI directs insurers to fast-track claim settlement process due to Biparjoy

The Hindu  

Insurance regulator IRDAI has asked insurers to settle claims in the states affected by cyclone Biparjoy in an expeditious manner. In a circular to CEOs of all general insurance companies, and standalone health insurance companies, the Insurance Regulatory and Development Authority of India said it needs to be ensured that all claims are surveyed immediately and claim payments/on account payments …

Insurance Claim: Three methods to help you resolve insurance-related issues faster; check details
2 years, 4 months ago

Insurance Claim: Three methods to help you resolve insurance-related issues faster; check details

Firstpost  

Insurance coverages are common among individuals who want to ensure financial security for emergency situations. Policyholder objections are regularly sent to the insurance company, but sometimes the customers don’t receive any desired response from the company officials. Here are some additional methods to resolve insurance policy-related issues: Contact the Grievance Redressal Officer: Every insurance company assigns a Grievance Redressal Officer …

Settle cyclone claims early, IRDAI tells general, health insurers
3 years, 10 months ago

Settle cyclone claims early, IRDAI tells general, health insurers

The Hindu  

The Insurance Regulatory and Development Authority of India has advised general and standalone health insurers to ensure that all eligible claims, of policyholders, pertaining to Tauktae and Yaas cyclones are expeditiously settled. “There is an urgent need for the insurance industry to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement …

Irdai asks insurers to settle claims fast in cyclone Fani affected areas
5 years, 10 months ago

Irdai asks insurers to settle claims fast in cyclone Fani affected areas

Live Mint  

Insurance sector regulator Irdai Tuesday directed insurers to take steps for ensuring registration of all claims and quick settlement of eligible cases in cyclone-hit areas of Odisha and neighbouring states. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take actions immediately, Irdai directed all the life insurers. Besides, …

Irdai asks insurers to share status of claims with policyholders from July 1
5 years, 11 months ago

Irdai asks insurers to share status of claims with policyholders from July 1

Live Mint  

New Delhi: Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said Wednesday. "In order to ensure fair and transparent claim settlement procedures, all insurers shall notify about the status of the claim at various stages of its processing. "In case of health insurance, where third party administrators are …

Why Kerala flood victims need to file insurance claims now
6 years, 7 months ago

Why Kerala flood victims need to file insurance claims now

Live Mint  

If you were affected by the Kerala floods, you may be busy putting back your life in order now that the floods are receding. Though the Insurance Regulatory and Development Authority of India has asked insurers to expedite the settlement of insurance claims with minimal paperwork, it is only wise to approach your insurer before it gets too late. “Claims …

What insurers and banks are doing for Kerala flood victims
6 years, 7 months ago

What insurers and banks are doing for Kerala flood victims

Live Mint  

The insurance regulator has asked insurance companies to settle claims of flood victims in Kerala and parts of Karnataka quickly and with minimal paper work. “There is an urgent need for us to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims,” the Insurance Regulatory and Development Authority …

Kerala Floods: Guidelines Issued For Speedy Settlement Of Insurance Claims
6 years, 7 months ago

Kerala Floods: Guidelines Issued For Speedy Settlement Of Insurance Claims

Live Law  

The Insurance Regulatory and Development Authority of India has issued guidelines for speedy settlement of insurance claims of victims of recent floods in Kerala.By a circular dated August 17, the insurers have been directed to take immediate action to ensure that all reported claims of life insurance are registered and eligible claims are settled expeditiously.With regard to. The Insurance Regulatory …

Kerala Floods: Guidelines Issued For Speedy Settlement Of Insurance Claims
6 years, 7 months ago

Kerala Floods: Guidelines Issued For Speedy Settlement Of Insurance Claims

Live Law  

The Insurance Regulatory and Development Authority of India has issued guidelines for speedy settlement of insurance claims of victims of recent floods in Kerala.By a circular dated August 17, the insurers have been directed to take immediate action to ensure that all reported claims of life insurance are registered and eligible claims are settled expeditiously.With regard to. The Insurance Regulatory …

Kerala floods: Govt directs insurers to settle claims at the earliest
6 years, 7 months ago

Kerala floods: Govt directs insurers to settle claims at the earliest

Live Mint  

New Delhi: The government on Saturday directed speedy settlement of claims under its life insurance, general insurance and crop insurance schemes in flood-hit Kerala. State-run insurance companies have also set up helplines to help in speedier settlement of claims. Financial Services Secretary Rajiv Kumar wrote on micro blogging site Twitter that claims under the “Pradhan Mantri Fasal Bima Yojana” will …

Insurers asked to expeditiously settle claims in flood-hit Kerala
6 years, 7 months ago

Insurers asked to expeditiously settle claims in flood-hit Kerala

India TV News  

As rains and floods continued to wreak havoc in Kerala, insurance regulator Irdai on Friday asked all insurance companies to set up special camps and make immediate payments against insurance claims. "Initiate immediate action to ensure that all reported claims are registered and eligible claims are settled expeditiously," said Irdai's guidelines to life insurance companies. It also directed life insurers …

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