5 days
10 days
15 days
30 days
Answer is Right!
Answer is Wrong!
The correct answer is: D. 30 days
The Insurance Regulatory and Development Authority of India (IRDAI) has set a time limit of 30 days for an insurer to call for documents from the date of receipt of claim intimation. This means that an insurer cannot ask for any documents after 30 days of receiving the claim intimation. If an insurer does ask for documents after 30 days, the policyholder can refuse to provide them and the insurer will still have to settle the claim.
The 30-day time limit is set in order to protect policyholders from being harassed by insurers. It also helps to ensure that claims are settled in a timely manner.
The following are the options for the question:
- A. 5 days: This is the wrong answer because the IRDA Regulations do not set a time limit of 5 days for an insurer to call for documents from the date of receipt of claim intimation.
- B. 10 days: This is the wrong answer because the IRDA Regulations do not set a time limit of 10 days for an insurer to call for documents from the date of receipt of claim intimation.
- C. 15 days: This is the wrong answer because the IRDA Regulations do not set a time limit of 15 days for an insurer to call for documents from the date of receipt of claim intimation.
- D. 30 days: This is the correct answer because the IRDA Regulations set a time limit of 30 days for an insurer to call for documents from the date of receipt of claim intimation.