The Insurance Regulatory and Development Authority of India (IRDAI) has given instructions to insurance companies to quickly settle claims of the recent train accident in the Odisha state. The accident left 275 dead and over 1,000 injured. The IRDAI has asked life and general insurers to reduce some of the requirements or rely on alternate documents to speed up claim settlements. Two non-life insurers, SBI General Insurance and Liberty General Insurance, are providing death/permanent total disability insurance cover of INR10 lakh ($13,240) for passengers with confirmed tickets and who chose travel accident insurance while booking their tickets on the Indian Railway Catering and Tourism Corporation’s online portal by paying INR0.35. In case of partial disability, the cover is INR7.5 lakh and medical expenses up to INR200,000 are claimable.
Insurers instructed to swiftly settle Odisha train accident claims by IRDAI
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
