The amount of insurance claim that can be taken in installments or in a lump sum ||Insurance claim in installments

Insurance claim in installments

Exposure Draft on the Guidelines on settlement of personal accident and benefit based health insurance claims in installments.
Insurance Regulatory and Development Authority (IRDAI) constituted a working group to examine the concept of settlement of Personal Accident and Benefit Based Health Insurance Claims in installments vide IRDAI order ref IRDA/HLT/ORD/Misc/171/10/2018 dated 12.10.2018.   
The working group has submitted its report on 10.01.2019 and the same has been placed in the Insurance Regulatory and Development Authority website on 21.01.2019 for the information of all the stakeholder.  
After examining the recommendations of the working group an exposure draft on the proposed Guidelines is published for seeking comments of the stakeholders.
All the stakeholders are requested to offer their valuable comments/  suggestions in the attached format by 17.04. 2019.

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