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Monthly health premium payment in India

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Magazine Issue: 
The year of Covid-19 [3]
Magazine date: 
Nov 2020

health insuranceExperts say 40 to 45% of new health insurance underwriters choose the monthly instalment option for premium payments.

This option was recently introduced by the IRDAI with the aim to support the people who underwent pay-cuts due the pandemic.

The average annual premium ranges between 8 000 INR (107.433 USD) and 18 000 INR (241.724 USD) compared to 670 INR (8.99 USD) and 1 500 INR (20.14 USD) for the average monthly premium.

Read also | Life insurance in India [4]

Thu, 19/11/2020 - 14:50

Source URL: https://www.atlas-mag.net/en/article/monthly-health-premium-payment-in-india

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[3] https://www.atlas-mag.net/en/issue/the-year-of-covid-19
[4] https://www.atlas-mag.net/en/article/the-indian-life-insurance-market