{"id":582300,"date":"2023-06-06T10:05:48","date_gmt":"2023-06-06T04:35:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582300"},"modified":"2023-06-06T11:01:37","modified_gmt":"2023-06-06T05:31:37","slug":"irdai-asks-insurers-to-suo-motu-settle-claims-of-odisha-rail-mishap-victims","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irdai-asks-insurers-to-suo-motu-settle-claims-of-odisha-rail-mishap-victims\/","title":{"rendered":"IRDAI asks insurers to suo motu settle claims of Odisha rail mishap victims"},"content":{"rendered":"<p>The Insurance Regulatory and Development Authority of India (Irdai) has asked the insurance companies to undertake &#8220;suo motu&#8221; settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported on Monday. The insurers have been asked to &#8220;immediately&#8221; contact the administration and get the list of those who have died or been injured. <\/p>\n<p>Under suo motu settlement, the companies settle the claims even without the other parties applying for it. This is usually done after natural disasters. <\/p>\n<p>&#8220;The claims process may be started suo moto by the companies and the claims settled expeditiously adopting a simplified claim settlement approach,&#8221; Rakesh Joshi, member of Irdai (finance and investment),<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Insurance Regulatory and Development Authority of India (Irdai) has asked the insurance companies to undertake &#8220;suo motu&#8221; settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported on Monday. The insurers have been asked to &#8220;immediately&#8221; contact the administration and get the list of those who have died or been injured. Under suo motu settlement, the companies settle the claims even without the other parties applying for it. This is usually done after natural disasters. &#8220;The claims process may be started suo moto by the companies and the claims settled expeditiously adopting a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-582300","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=582300"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582300\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}