Question

What is the maximum time period insurers have to process a death claim under a life insurance policy as per IRDAI (Protection of Policyholders' Interests) Regulations, 2017?

a.

15 days

b.

30 days

c.

45 days

d.

60 days

Answer: (b).30 days Explanation:IRDAI (Protection of Policyholders' Interests) Regulations, 2017 require insurers to process a death claim under a life insurance policy within 30 days from the date of receipt of all relevant papers and required clarifications.

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Q. What is the maximum time period insurers have to process a death claim under a life insurance policy as per IRDAI (Protection of Policyholders' Interests) Regulations, 2017?

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