Non-life insurers are seeing rising demand for health policies under the equated monthly instalment (EMI) option. Insurers attribute this to reduced affordability due to a fall in income and job losses, even as the need for a cover has gone up due to the pandemic. In September 2019, the Insurance Regulatory and Development Authority of India (Irdai) allowed companies to sell policies with monthly, quarterly or yearly mode of payment.
Where do HNIs in India prefer to invest these days?
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