News From Press Health cover policyholders may soon be able to receive claim amount in instalments

Health cover policyholders may soon be able to receive claim amount in instalments

Source: The Hindu BusinessLine Apr 4, 2019

You may soon be able to opt for receiving personal accident and benefit-based health cover policy claims in instalments.

In a first-of-its-kind proposal, a working group constituted by the Insurance Regulatory and Development Authority of India (IRDAI), has suggested that a policyholder may be provided the option to receive the amount in lump sum or in equated instalments.

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