Insurers To Pay 10% Penalty For Late Claim Settlement

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BUSINESS STANDARD
Last Updated : Jun 01 2001 | 12:00 AM IST

The Insurance Regulatory and Development Authority (IRDA) has proposed that insurers should pay a penalty for late payment of claims.

According to the draft guidelines on

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First Published: Jun 01 2001 | 12:00 AM IST

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