The Insurance Regulatory and Development Authority of India (IRDAI) instructs insurers to mobilise resources to ensure speedy settlement of insurance claims related to the floods in Assam. The regulator asks insurers to take prompt action to handle claim processing and payments without undue delays. Along with speeding up settlements, IRDAI directs insurers to communicate the nomination of a Senior Executive to the Chief Secretary immediately. This nominated official is intended to coordinate with the state administration and help ensure that the insurers’ claim-settlement efforts proceed efficiently. The IRDAI’s guidance focuses on operational readiness, including dedicating appropriate personnel and resources to manage the volume of flood-related claims. Overall, the directive is aimed at improving timeliness and responsiveness in the claim-settlement process for policyholders affected by the Assam floods.
IRDAI directs insurers to expedite Assam flood claim settlements
The Insurance Regulatory and Development Authority of India (IRDAI) instructs insurers to mobilise resources to ensure speedy settlement of insurance claims related to the floods in Assam. The regulat...
- IRDAI issues instructions to insurers to expedite settlement of Assam flood insurance claims.
- Insurers are told to mobilise resources to speed up the claims process.
- IRDAI asks insurers to communicate immediately the nomination of a Senior Executive to the Assam Chief Secretary.
- The directive focuses on timely handling of flood-related claims for policyholders.
The insurers have been advised to communicate the nomination of a Senior Executive to the Chief Secretary immediately
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