Insurers and intermediaries are currently in discussions with the Insurance Regulatory and Development Authority of India (IRDAI) on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes.
banking
M
Moneycontrol15-12-2025, 17:15

Ombudsman Rules Sharpen Jurisdiction, But Capacity & Delays Persist

  • Draft amendments to Insurance Ombudsman Rules, 2017, clarify jurisdiction and expand coverage to include insurance brokers.
  • Industry practitioners express concerns that the amendments fail to address structural issues like delays, capacity, and digital upgrades.
  • The proposed changes do not revise compensation caps or introduce measures for faster grievance disposal.
  • Lack of provisions for technological upgrades and increased ombudsman capacity raises fears of the system being overwhelmed.

Why It Matters: Policyholders may still face delays despite new insurance ombudsman rules.

More like this

Loading more articles...