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MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is closely examining the shortfall in the settlement of health insurance claims, even as over half of the complaints received under the insurance ombudsman system relate to health policies.At the Bima Lokpal Day event on Tuesday, Irdai chairman Ajay Seth said, “In health insurance, we…
MUMBAI : The Insurance Regulatory and Development Authority of India (IRDAI) is closely examining the shortfall in the settlement of health insurance claims, even as more than half of the complaints received under the insurance ombudsman system relate to health policies.Speaking at the Bima Lokpal Day event on Tuesday, IRDAI chairman said that while the…
MUMBAI: India took a step closer to becoming a global financial hub with the launch of the foreign currency settlement system (FCSS) at GIFT IFSC, Gujarat, by FM Nirmala Sitharaman during the Global Fintech Fest here. “Currently, foreign currency transactions at IFSCs are routed through correspondent banks, taking 36-48 hours for settlement. The new FCSS…
