You will now get the option to pay your health insurance premiums on a monthly, quarterly or half-yearly basis in addition to the current option of paying premiums on an annual basis. Till recently, health insurance policy premiums were only payable on annual basis unlike premiums for life insurance policies which could be paid monthly, quarterly, half yearly or annually.
However, what will happen if the insured (who opted for monthly premium payment mode for health insurance policy) re ..
