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The Insurance Regulatory and Development Authority of India directs all life insurers, non-life insurers, and health insurance companies to treat the 2011 circular on claim intimation and document submission delays as a formal direction under Section 34(1) of the Insurance Act, 1938. Insurers must comply with the circular for all life insurance contracts and all non-life individual and group insurance contracts. The 2011 circular applies when there is a delay in claim intimation or document submission.
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[Image omitted. See the official document.]
CIRCULAR
Ref: IRDA/NL/ CIR/ [unclear in source]-214-/10/2016
Dated: 28th October, 2016.
To: All Life Insurers, Non-Life Insurers & Health Insurance Cos
Re: Delay in claim intimation/documents submission with respect to
This is further to the circular issued by the Authority with ref: IRDA/HLTH/MISC/CIR/216/09/2011 dated 20.09.2011, in the matter of dealing with claims where there is delay in intimation/document submission.
The above referred circular is to be deemed as a direction issued by the Authority under Section 34(1) of the Insurance Act, 1938 and insurers are bound to comply with the same.
[Signature]
P. J. Joseph Member (Non- Life)
परिश्रम भवन, तीसरा तल, बशीरबाग, हैदराबाद-500 004. भारत (C) : 91-040-2338 1100, फैक्स: 91-040-6682 3334 ई-मेल: irda@irda.gov.in वेब: www.irda.gov.in
Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 1100, Fax: 91-040-6682 3334 E-mail: irda@irda.gov.in Web.: www.irda.gov.in
