IRDAI directions w.r.t Reinsurance claims relating to Floods in Himachal Pradesh


IRDAI on 24th August, 2023 has issued directions w.r.t Reinsurance claims relating to Floods in Himachal Pradesh. General Insurers and Standalone Health Insurance Companies are advised to –

  1. Mobilise all resources to ensure immediate service response including outsourced functions such as Surveyors, Loss Adjustors and Investigators.
  2. Nominate a Senior Executive to act as the Nodal Claims Officer overseeing the claims response. The Nodal Officer appointment should be communicated to the Chief Secretary concerned of the State immediately.
  3. Districts reporting large numbers of claims may be overseen by a designated District
    Claims Service Head.
  4. The contact particulars of the State / District heads should be published on the Insurer website and necessary publicity may be also given in the press.
  5. All Insurers should also activate, publish 24×7 helplines to respond / assist Claimants and launch extensive awareness campaign duly highlighting the measures taken.
  6. Special Claims Desks at District level with adequate delegated Claims Settlement Authorities are recommended to be set up for affected areas to facilitate Speedy processing of claims and settlements including release of on-account interim payments to assist early reinstatement of property / businesses.
  7. It needs to be ensured that all claims are surveyed immediately and claim payments / on account payments are disbursed at the earliest.
  8. Adequate number of Surveyors and Loss Adjustors be immediately engaged and if needed, resources from neighbouring States may be also deployed.
  9. Insurers shall encourage Policyholders to use electronic communication wherever possible for correspondence while initiating the claim and filing all the relevant documents. Efforts shall be made to ensure that digital processes are resorted to the extent possible for assessment of claims.
  10. Insurers are also expected to review and streamline processing of claims by ensuring only such documentation necessary to substantiate claim quantum, to ensure expeditious final settlement.
  11. All General Insurers (including Standalone Health Insurers) are advised to submit information related to the flood claims to the IRDAI in the format attached on a weekly basis at nl for a month.

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