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Claim Settlement News


IRDAI Simplifies Rules For Claim Settlement
The Insurance Regulatory and Development Authority of India (IRDAI) in a notification has simplified the process of claim settlement and ushered in that licensed surveyors will no longer be mandatory in the line of business or LoB. The rule stands applicable ...
Policyholders To Get Real-time Update On Insurance Claim Filed
IRDAI in pursuance to make policyholder's work rather hassle-free who have been running from pillar to post to get their claims settled has now asked insurers to give status updates on the claim settlement process. Until now basic details concerning insurance ...
IRDA Enhances Customer Protection By Notifying New Rules
As part of its efforts to enhance consumer protection and ensure interests of insured are well looked after, Insurance regulator, IRDA or Insurance Regulatory and Development Authority, has through its notification informed about new rules. The new rules mostly ...
Should you have multiple life insurance policies?
If not any other product, life insurance is a must-to-have product in one's basket and experts suggest early purchase of a term plan when one begins to earn and has liabilities to take care of. An insurance cover or sum assured ...
EPFO settles around 8 lakh claims in September
NEW DELHI: Retirement fund body Employees' Provident Fund Organisation (EPFO) has settled 7,96,759 claims during September in its 123 offices across the country as compared to 7,49,639 in the same month last year. It was observed in a review meeting ...
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