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Insurance Regulator Wants Discount For Policyholders With 3 Vaccine Doses

Insurance Regulator Wants Discount For Policyholders With 3 Vaccine Doses

NDTV
Tuesday, December 27, 2022 04:10:56 PM UTC

The Insurance Regulatory and Development Authority of India (Irdai) has also asked both life and non-life insurance companies to settle COVID-related claims at the earliest and reduce paperwork.

Amid a surge in coronavirus cases in several countries, regulator Irdai has asked insurers to consider giving discount on renewal of general and health insurance policies to policyholders who have taken three shots of COVID-19 vaccine.

The Insurance Regulatory and Development Authority of India (Irdai) has also asked both life and non-life insurance companies to settle COVID-related claims at the earliest and reduce paperwork, sources said.

During a meeting to create awareness about COVID-19 last week, sources said, the regulator also stressed that insurers should offer incentives to policyholders on getting RT-PCR tests done through their wellness network.

It asked insurers to encourage COVID-appropriate behaviour through social media outreach.

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