Changes to be made in compensation for hit-and-run accidents under the amended Motor Vehicles Act and the efficient 2022 scheme for timely settlements.
The General Insurance (GI) Council, a lobby body of the non-life insurers in India is looking out for a new Secretary General.The GI Council is a self regulatory body constituted under Section 64C of the Insurance Act consisting of all .
Twists in COVID-19 cover: Here’s why your insurer can no longer deny, delay hospitalisation claims
Customers will not have to worry about claims delays in Coronavirus hospitalisation incidents after IRDAI nudging insurers to make settlements quickly. February 15, 2021 / 12:57 PM IST
Representational image. The PM CARES Fund Trust will finance two COVID-19 makeshift hospitals in Bihar with 500-bed each, in a way to improve the coronavirus care in the state. The Prime Minister’s Office (PMO) announced the decision on social media on August 24. (Image: Twitter @PMOIndia)
Note to readers:
This story is part of a two-part series on the decision taken by insurance regulator IRDAI asking insurers to not delay or reject COVID-19 claims. This part looks at how the customers will benefit.