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1. Regulatory Approval: Required when the settlement needs approval from IRDAI or other regulatory bodies

2. Foreign Exchange Compliance: Required when settlement involves international payments or foreign currency

3. Non-Admission of Liability: Optional clause stating settlement does not constitute admission of liability

4. Future Claims: Treatment of any future claims that may arise from the same incident

5. Indemnification: Additional indemnification provisions beyond basic release

6. Public Announcements: Required when parties need to agree on public communications about settlement

7. Severability: Provisions for maintaining validity if parts of agreement are found unenforceable

1. Schedule A - Insurance Policy Details: Copy or details of the original insurance policy

2. Schedule B - Claim Documentation: Summary of the claim and supporting documentation

3. Schedule C - Payment Schedule: Detailed payment terms if settlement involves multiple payments

4. Schedule D - Release Form: Formal release document to be executed

5. Appendix 1 - Claim Investigation Report: Summary of any investigation findings relevant to settlement

6. Appendix 2 - Documentary Evidence: List of all documents relied upon in reaching settlement

7. Appendix 3 - Regulatory Filings: Copies of any required regulatory submissions or approvals