Insurance Awareness - Health Insurance
Under IRDAI guidelines, within how many days must a health insurer settle or reject a claim after receiving all necessary documents?
Under IRDAI guidelines, within how many days must a health insurer settle or reject a claim after receiving all necessary documents?
easy Q13 of Q15
Step-by-Step Solution
Step 1: Recall IRDAI claim settlement timeline
IRDAI mandates that health insurers must settle or reject claims within 30 days of receiving all required documents.Final Answer:
30 days → Option BQuick Check:
This is a standard regulatory requirement to protect policyholders and ensure timely claim processing.
Quick Trick: Remember the “30-day rule” for claim settlement.
Common Mistakes:
MISTAKES- Some candidates confuse this with intimation timelines or other scheme-specific limits.
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