The Insurance Development and Regulatory Authority (IDRA) has unveiled the “Insurance Claims Management Guideline, 2024”, which has been published on…
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An insurance claim is a formal request made by an insured individual or entity to an insurance company to seek compensation for a covered loss or damage as per the terms of an insurance policy. When an insured event occurs that results in financial loss or damage, the policyholder files a claim to receive the benefits outlined in the insurance policy.