Question
A health insurance claim is lodged on 1st April and
settled on 30th May for ₹1.5 lakh. The policy states a 30-day claim settlement benchmark. Discuss the regulatory implications and policyholder grievance options.Solution
IRDAI mandates timely settlement. Delay beyond 30 days without valid reason is a breach.
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Greeting = lambda : print('Welcome to Ixambee’)
Greeting()
