Submit documents promptly to Ombudsmen or face ex-parte orders, IRDAI tells insurers
Besides raising this, the Insurance Ombudsmen, during a recent orientation programme, had also pointed out that insurers often submit documents in a piecemeal fashion and after significant delays. Such an approach in turn to lead to delay in disposal of the complaints filed by policyholders/beneficiaries.During 2025-26, the Insurance Ombudsmen had decided 41,055 grievances. Of these 79% were in favour of the policyholders, IRDAI had said during an orientation programme it organised in May.
- ▪Besides raising this, the Insurance Ombudsmen, during a recent orientation programme, had also pointed out that insurers often submit documents in a piecemeal fashion and after significant delays.
- ▪Such an approach in turn to lead to delay in disposal of the complaints filed by policyholders/beneficiaries.During 2025-26, the Insurance Ombudsmen had decided 41,055 grievances.
- ▪Of these 79% were in favour of the policyholders, IRDAI had said during an orientation programme it organised in May.
The Hindu publishes from India and files mainly under world. We currently carry 730 of its stories.
Opening excerpt (first ~120 words) tap to expand
The Insurance Regulatory and Development Authority of India (IRDAI) has set timelines for insurers to submit documents related to complaints before the Insurance Ombudsmen and warned that non-compliance could result in ex-parte orders.The regulator has directed all the insurers, except reinsurers, to submit the self-contained note (SCN), along with all supporting documents, within seven days of receiving a notice from Insurance Ombudsmen concerned. Any additional information or documents sought by Ombudsmen must be furnished within three days of the notice.All the required information and relevant documents should be submitted in “one-go” rather than in a piece-meal manner, IRDAI said in a circular.Clear pending demands within 30 daysIt also directed insurers to clear all pending requests…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
Discussion
0 commentsMore from The Hindu
