<h1>IRDAI Pushes Faster Insurance Claim Resolutions; New Bill Proposes Higher Third-Party Compensation in Road Safety Overhaul.</h1> The Insurance Regulatory and Development Authority of India (IRDAI) mandates time limits for resolving insurance claims, with motor third-party liability often settled through courts. To expedite resolutions, Lok Adalat and out-of-court settlements are encouraged when liability is clear. The IRDAI addresses service complaints via the Integrated Grievance Management System. The Ministry of Road Transport and Highways is drafting a new Road Transport and Safety Bill to replace the Motor Vehicles Act, 1988, proposing enhanced compensation for third-party insurance. The draft suggests a maximum liability of up to twenty-five lakh rupees. The current Act allows compensation without proving fault.