The Indian regulatory authority IRDAI has called on insurers to propose health premium payment in instalments to the insured.
Customers will be able to pay their premiums on a monthly, quarterly, or semi-annual basis. The objective is to support the insured who are facing a liquidity shortage during the pandemic.
Read also | Indian insurance industry [4]
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[4] https://www.atlas-mag.net/en/article/indian-insurance-industry-evolution-of-life-and-non-life-premiums-2014-2018