Policy holders may get option to get accident/health claim benefits in installments
Updated : January 21, 2019 08:11 PM IST
Various general/ health insurance companies have proposed to the insurance regulator the need to give an option to policy holders to receive payment of claim benefits in these two type of policies.
The concept may be altogether new to the general/ health insurance industry, but it is in vogue since long in the life insurance industry, especially in respect of endowment policies, where maturity claim benefits are paid in installments to the policyholders.
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