IRDAI directs insurance companies to settle the claims for Delhi riot victims

IRDAI has asked life, general and health insurance companies settle to the claims of Delhi riot victims expeditiously. The regulator also asked the insurers to make the payments within 15 days. 42 persons were dead and several others were injured in the communal violence in northeast Delhi, due to the amended Citizenship Act. Properties were also damaged in the riot. “The authority is aware that general insurers, life insurers and standalone health insurers may have written policies that extend to lives and property pertaining to the affected areas. In this situation, all insurers are advised to act immediately for fair and speedy settlement of claims,” IRDAI directed. IRDAI has directed the insurers to involve a sufficient number of surveyors immediately in the affected areas in order to ensure that all claims are promptly assessed and payments of claims are disbursed within 15 days. The IRDAI has instructed the insurance companies to nominate a senior officer who would act as a nodal officer for Delhi, who would be coordinating/facilitating the settlement of all the claims that are reported in the affected areas.