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@ EconomicTimes

Now you can pay your health insurance premium in instalments

People seeking health insurance will soon have the option to pay the premium on monthly, quarterly and half-yearly basis in addition to the current practice of annual payments, as per a circular issued by regulator Irdai. Also the payment in installments should not lead to a change in basic premium and charging structure under the approved individual product. The change in frequency of premium payment has been permitted through a circular permitting insurers to go in for minor modifications in policies filed by them. 

 

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