Legal Question in Insurance Law in India
Car insurance claim time
How log does it take for the insurance company to settle the car insurance claim in case of total car damage? Is there any written law which makes it mandatory for the insurance company to settle the car insurance claim within specified time incase of total damage of the car.
I had taken the car insurance policy from National Insurance and its been more then 1.5 months since i have filled for my full claim. A surveyor has survied the car also but there after no action has been taken.
Asked on 12/29/08, 5:09 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Car insurance claim time
There is no time limit stipulated. However, 1.5 months is not unreasonable. The Insurance companies may take upto six months to one year for final settlement of a claim.
Answered on 12/29/08, 4:19 pm
Related Questions & Answers
-
Personal accident claims 1. driver of a motorcycle is dead 2. he was driving the... Asked 12/16/08, 1:39 pm in India Insurance Law
-
Nominy powerfull or Wife If there is an insurance policy which is been drawn before... Asked 12/15/08, 7:03 am in India Insurance Law
-
Signature on demand draft i got issued a cheque that is not signed by authorised... Asked 11/08/08, 8:40 am in India Insurance Law
-
Case of stop payment of cheque i got operated at a hospital for which pre approval... Asked 10/15/08, 1:09 am in India Insurance Law
-
Insurance when register owner of any motor vehicle died during subsistance of... Asked 9/18/08, 12:56 pm in India Insurance Law