Page 11 - காப்பீடு ஒழுங்குமுறை அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IRA pushes for payment of insurance claims in 30 days Summary The Insurance Regulatory Authority (IRA) is proposing a reduction in the time insurers take to pay claims to within 30 days from the day they are lodged by claimants in a fresh push to protect consumers. IRA says in new draft rules the average of 90 days it usually takes to settle claims is long and has led to consumer complaints resulting to lack of trust and negative perception of the insurance industry. Friday April 16 2021 By BRIAN NGUGI Summary The Insurance Regulatory Authority (IRA) is proposing a reduction in the time insurers take to pay claims to within 30 days from the day they are lodged by claimants in a fresh push to protect consumers.

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