Indian Insurance regulator IRDA (Insurance Regulatory and Development Authority on recently imposed a penalty of Rs. 5 lakh on HDFC Standard Life for delaying settlement of claim and has asked the insurer to streamline its processes. IRDA said in its order, considering the …
Showing posts with label Insurance Claims. Show all posts
Showing posts with label Insurance Claims. Show all posts
Insurance companies can't reject claims for delay in intimation: IRDA Circular
According to the Indian insurance regulator, IRDA ( Insurance Regulatory and Development Authority), Insurance companies can't mechanically reject claims on technical grounds, such as delay in intimation and submission of documents, particularly if the delay is due to u…
