Life News
Irda likely to strengthen insurance ombudsmen
Insurance ombudsmen may soon be allowed to deal with the grievances of individual consumers involving claims higher than the Rs 20 lakh permitted at present. The scope may also be increased to cover all kinds of complaints, including mis-selling, from the issue of a policy to its maturity.
The Insurance Regulatory and Development Authority (Irda) is looking into a proposal in this regard. Currently,
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