What insurers and banks are doing for Kerala flood victims4 min read 23 Aug 2018, 10:23 AM IST
Insurance companies are taking steps to expedite the claims process for vehicles, health and houses. Banks and financial service providers too have taken steps to ease matters for flood victims
The insurance regulator has asked insurance companies to settle claims of flood victims in Kerala and parts of Karnataka quickly and with minimal paper work. “There is an urgent need for us to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims," the Insurance Regulatory and Development Authority of India (Irdai) stated in a circular.
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