In exercise of the powers under Section 64UM (2) of the Insurance Act, 1938, the Authority hereby raises the limit of losses required to be surveyed by a licensed surveyor and loss assessor for settlement of claims, from Rs. 20,000/- to Rs.50,000/- for the recent floods in Maharashtra and Gujarat alone for a period of two months from the date of this order, as a special case. The insurers may utilise the services of in-house surveyors for assessing losses upto Rs. 50,000. This special dispensation is given to insurers to ensure expeditious disposal of claims and for mitigating hardships to policyholders.


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(C.S. Rao)
Chairman