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    Question

    Indian Overseas Bank (IOB) has committed to process

    online death claim settlements (for claims up to ₹15 lakh) within how many days? 
    A 7 days Correct Answer Incorrect Answer
    B 10 days Correct Answer Incorrect Answer
    C 15 days Correct Answer Incorrect Answer
    D 21 days Correct Answer Incorrect Answer
    E 30 days Correct Answer Incorrect Answer

    Solution

    IOB’s newly launched Online Death Claim Settlement Portal provides simplified processing for claims up to ₹15 lakh and commits to completing settlement within 15 days. No third-party surety is required for such claims, and the system includes real-time tracking of claim status.  

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