Insurers to initiate quick disposal of claims for flood victims

This year’s floods have already claimed many lives across the states of Kerala, Karnataka and Maharashtra and many people are still missing, according to news reports. In Kerala alone, about 2.51 lakh people have been moved to 1,639 relief camps and at least 2,966 houses have been damaged completely. While the loss caused is massive and it would take long for the states to get back to the state of normalcy, the Insurance Regulatory and Development Authority of India (Irdai) has advised insurers to take immediate steps to mitigate hardships of the affected insured population by ensuring immediate registration and easy settlement of eligible claims.

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