IRDA has asked the insurance company to consider giving a discount on the renewal of general and health insurance policies to those policyholders who have taken three shots of the corona vaccine.
New Delhi. If you want to buy a new life, health or term insurance policy and want to get a discount on the premium, then you will have to take all three doses of the corona vaccine. Because in the coming days the insurance company can consider this proposal. In fact, insurance regulator IRDAI has asked insurers to consider giving a discount on renewal of general and health insurance policies to those policyholders who have taken three shots of the Kovid-19 vaccine.
After the Corona epidemic, insurance companies made some changes in the rules related to life, health and term insurance policies, as well as increased the premium on all types of plans. Because during the epidemic in the country, insurance companies had suffered a lot due to the huge number of claims received.
IRDAI gave suggestion to insurance companies
According to the news of Mint, IRDA has asked the insurance company to consider giving a discount on the renewal of general and health insurance policies to those policyholders who have taken three shots of the corona vaccine. According to news agency PTI, the insurance regulator has asked life and non-life insurance companies to settle Kovid-19 related claims as soon as possible and reduce paper work.
Insurance claim cases increased during the Corona period. The
regulator also urged insurers to ensure that empaneled hospitals are prohibited from taking deposits for Covid hospitalization, as some hospitals have cashless policy despite first and second During the wave, Kovid was asking for deposits for treatment. On the other hand, the insurers asked the regulator to standardize the treatment protocols so that fraud cases can be reduced.
Explain that due to the Corona epidemic, during the financial year 2021-22, an increase of 73.41 percent was seen in the death claims of insurance companies. According to data released by the Insurance Regulatory and Development Authority (IRDAI), insurers paid claims worth Rs 45,817 crore involving 15.87 lakh policies during 2021-22. Out of this, claims of Rs 17,269 crore were given due to deaths due to Kovid.
