Saar: If the bill is approved by Rajya Sabha, it would prohibit any claim after six months of the event. Presently, any general insurance, including motor, doesn’t have a time limit as to when the beneficiary can apply for a claim after an event (accident in case of the motor) has occurred. This particular detail might get a change if the pending bill in the Rajya Sabha gets approved. In that bill, the general insurance industry has argued that a time limit to the aforementioned scenario should be put. That limit should be six months. In other words, the beneficiary … Continue reading General Insurance Claim Procedure May Get A Big Change