https://www.taxtmi.com/news?id=13215 Life-insurance death claims are settled under the statutory life-insurance claim regime and applicable contestability norms, while non-life claim settlement depends on the sum insured, policy terms and the principle of indemnity. The regulator collects claim data, monitors repudiated and outstanding claims, conducts periodic onsite inspections of insurers' claim procedures, and initiates regulatory action where deviations from statutory or regulatory standards are identified. en-us Fri, 01 Aug 2014 17:59:21 +0530 Fri, 01 Aug 2014 17:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13215 Life-insurance death claims are settled under the statutory life-insurance claim regime and applicable contestability norms, while non-life claim settlement depends on the sum insured, policy terms and the principle of indemnity. The regulator collects claim data, monitors repudiated and outstanding claims, conducts periodic onsite inspections of insurers' claim procedures, and initiates regulatory action where deviations from statutory or regulatory standards are identified. News - Fri, 01 Aug 2014 17:59:21 +0530 https://www.taxtmi.com/news?id=13215