Health, life insurance policyholders' rights: Master circular issued by Irdai, know claim settlement time limit, other rules

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular outlining the rights of insurance policyholders. The circular, titled 'Protection of Policyholders' Interests 2024,' covers a wide range of topics, including e-insurance policies, claim settlement timelines of both life and health insurance policies, and the rights of policyholders with multiple health insurance policies. Key points from the circular that you must know as a policyholder