Are credit linked health insurance plans available in India?
The new IRDA guidelines have given health insurance companies a go ahead for such plans. Health insurance companies can now offer credit linked individual and group health insurance plans where if the policyholder gets sick and is unable to repay loans, he can use the claim
amount for repayment of his dues.
Just like Life Insurance companies offer credit-linked or loan-linked plans, recent Insurance Regulatory and Development Authority (IRDA) guidelines have given Health Insurance companies a go-ahead for similar products. Health Insurance companies can now offer credit-linked individual and group Health Insurance plans wherein if the policyholder gets sick and is unable to repay loans, they can use the claim amount for repayment of their dues.
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