IRDAI Wants Discount For Policyholders With 3 Vaccine Doses

88°
Deal Lieutenant
rahul2004

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.

Detailed Report: https://www.ndtv.com/india-news/insurance-regul...

Expired
11 Comments  |  
6 Dimers
  • Sort By
Deal Newbie Deal Newbie
Link Copied
rahul2004 wrote:
to consider giving discount on renewal of general and health insurance policies to policyholders who have taken three shots of COVID-19 vaccine.
"to consider" means little, unless the consideration results in actuall action.

And then too, those who have had vaccination only in India are to be considered¿ or those with not three but some similar recent doses (outside India) too might be brought under the ambit of eligible (for discounts) customers.
Deal Lieutenant Deal Lieutenant
Link Copied
Expand
melonmusk wrote:
"to consider" means little, unless the consideration results in actuall action.

And then too, those who have had vaccination only in India are to be considered¿ or those with not three but some similar recent doses (outside India) too might be brought under the ambit of eligible (for discounts) customers.
I dont think insurance companies will include doses taken outside India. They always try to evade giving discounts or money as much as possible lol.
Helpful Helpful
Link Copied

if companies follow this they will be at greater loss
more the number of does, the more closer to God one gets
This holds true for astrazenica aka Covisheild,Pfizer,Modrna

Deal Captain Deal Captain
Link Copied

Maybe IRDAI will want the discount for itself in this commission public service era

Deal Newbie Deal Newbie
Link Copied
Expand
rahul2004 wrote:
I dont think insurance companies will include doses taken outside India. They always try to evade giving discounts or money as much as possible lol.
True that!😶
Deal Newbie Deal Newbie
Link Copied
decideaim wrote:
Maybe IRDAI will want the discount for itself in this commission public service era
They are the body which is technically regulating itself (practically IRDA is nothing more than people from the same companies filling in the management seats of IRDA).

In the decades gone by, IRDA unashamedly brought out paid advertisements coaxing investors to consider ULIPs for investments.

It (what IRDA did) is akin to TRAI recommending some tarrif vouchers , plan vouchers (as being better).
Or NCB giving advertisements in print and electronic media.. that smoking gaanja is less harmful than smoking charas.
Deal Captain Deal Captain
Link Copied
Expand
melonmusk wrote:
They are the body which is technically regulating itself (practically IRDA is nothing more than people from the same companies filling in the management seats of IRDA).

In the decades gone by, IRDA unashamedly  brought out paid advertisements coaxing investors to consider ULIPs for investments.

It (what IRDA did) is akin to TRAI recommending some tarrif vouchers , plan vouchers (as being better).
Or NCB giving advertisements in print and electronic media.. that smoking gaanja is less harmful than smoking charas.
That is what is happening in all nominated posts . Quite convenient isn't it. You making the rules you have to follow.
Deal Newbie Deal Newbie
Link Copied
Expand
decideaim wrote:
That is what is happening in all nominated posts . Quite convenient isn't it. You making the rules you have to follow.
True that!

That... is the sad reality.
Helpful Helpful
Link Copied
LIC is baap of IRDA, LIC doesn't give a shit to anyone
Deal Captain Deal Captain
Link Copied
dhinchakrohit wrote:
LIC is baap of IRDA, LIC doesn't give a shit to anyone
Because it is shit in itself
Deal Subedar Deal Subedar
Link Copied

Lobbying by pharma cos to sell the unsold stock. 

Election bond jindabad. 

replyuser
Click here to reply
Reply