Regulator Irdai is mulling giving policy holders an option to receive payment of claims in installments under certain policies like personal accident (PA) and benefit-based health insurance.
The Insurance Regulatory and Development Authority of India (Irdai) had set up a working group to study a proposal in this regard and the panel had submitted its report in January this year after examining the concept of settlement of personal accident and benefit-based health insurance claims in in ..
