News From Press IRDAI mandates shorter claim settlement timelines, need analysis in policy documents to check mis-selling

IRDAI mandates shorter claim settlement timelines, need analysis in policy documents to check mis-selling

Source: Moneycontrol Sep 9, 2024

Insurance policyholders will now have to deal with shorter turnaround times (TAT) for claim settlement.

The Insurance Regulatory and Development Authority of India (IRDAI) on September 5 released a master circular on protection of policyholders’ interests, which follows the regulations announced in March.

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