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Govt May Frame SOP For Quicker Claim Settlement
Business Standard
|June 20, 2025
FinMin May Convene A Meeting With Insurance Companies Soon
To create a mechanism for quicker claim settlements regarding casualties on a big scale and develop a comprehensive standard operating procedure to deal with such incidents, the Union finance ministry may convene a meeting with insurers soon.
The move follows last week's Air India plane crash, which has prompted the government to reassess existing protocols for insurance claim processing in such situations.
According to the source, since identification is going on, insurance companies are trying to reach the claimants and to settle their claims.
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