The Government has notified amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working of the Insurance Ombudsman mechanism to facilitate resolution of complaints regarding deficiencies in insurance services in a .
Government notifies amendments to Insurance Ombudsman Rules 2017 ANI | Updated: Mar 03, 2021 11:26 IST
New Delhi [India], March 3 (ANI): The Central Government on Tuesday notified comprehensive amendments to the Insurance Ombudsman Rules 2017, with a view to improving the working of the Insurance Ombudsman mechanism to facilitate the resolution of complaints regarding deficiencies in insurance services in a timely, cost-effective and impartial manner. The amended rules have enlarged the scope of complaints to Ombudsmen from only disputes earlier to deficiencies in service on the part of insurers, agents, brokers and other intermediaries. Further, insurance brokers have been brought within the ambit of the Ombudsman mechanism, by empowering the Ombudsmen to pass awards against insurance brokers as well, the Union Ministry of Finance said in a press statement on Wednesday.
The amended rules have enlarged the scope of complaints to ombudsmen from only disputes earlier to deficiencies in service on the part of insurers, agents, brokers and other intermediaries.
The new rules notified through an official gazette also pave way for setting up a complaints management system to enable policyholders to track the status of their complaints online.
Welcome To IANS Live - BUSINESS - Insurance Ombudsman rules amended for better services ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.