Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

IRDAI asks insurers to fast track cyclone Remal claims

by AIP Online Bureau | Jun 4, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation | 0 comments

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

Hyderabad: As the cyclone Remal have caused widespread loss of lives, property (homes and businesses) and infrastructure in various states, the sector regulator IRDAI issued instructions to all insurers including life and standalone health insurance companies, on Tuesday, for quick settlement of claims arising out of the havoc created by the cyclone and subsequent heavy rains causing floods.

The IRDAI has asked the insurers to mobilise all resources to ensure immediate service response including engaging the services of surveyors, loss adjustors and investigators.

The insurers have been advised to communicate the nomination of a senior executive to the chief secretary immediately. districts reporting large numbers of claims to oversee by a designated district claims service head.

Also, the insurers to give wide publicity on the contact details of these officers in their websites and also in the media.

“Insurers are advised to respond/assist the claimants through their 24×7 helplines, special claims desks at district level with delegated claims settlement authorities for speedy processing and settlement of claims,” said the IRDAI’s instruction.

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

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • SBI General announces awareness campaign for Kharif 2025
  • Govt modernising weather forecasting system to boost real-time prediction, says Jitendra Singh
  • NDMA tests indigenous Cell Broadcasting system for swift alert during natural and man-made disasters
  • Cabinet approves Rs 1.07 lakh cr Employment Linked Incentive scheme to create 3.5 cr jobs in 2 yrs
  • China pushes commercial insurers in bid to boost local biotechs

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy