Customers whose premium amount works out to be more than Rs 12, can now buy health insurance under the monthly instalment option while those with an annual premium over Rs 6, can opt for the quarterly option. Under a directive issued by the insurance regulator, all health covers have to mandatorily cover Covid While the pandemic has increased the demand for health cover, many potential buyers are facing loss or reduction of income due to the pandemic which makes it difficult to pay the upfront premium for health insurance.
He added that instalments make health insurance more affordable and will encourage more customers to buy it. If the customer is unable to make the instalment payment within the due date, then a 15 days grace period is extended to the insured. Looking for Something? Start a Conversation. Visual Stories. Sudoku Play Now. Word Search Play Now. Mutual Funds. ET NOW. Cryptocurrency By Crypto Influencers. Crypto Podcast. Crypto Meet. Crypto TV. Expert Speak. Stocks Dons of Dalal Street. Live Blog.
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By putting in place a strong team and processes, bringing in clarity of vision and purpose, Bajaj Allianz Life Insurance clocked a Allianz Holdings plc said it has completed the closing of two general insurance units the group said will make it the No. 2 general insurer in the United. And while companies may want to insure their crypto exposures with the North American head of financial institutions at Allianz Global.