Government likely to penalise insurance companies for delaying payment under NHPS

Under the scheme, if an insurance company delays the claim beyond 15 days, then it would have to pay a penalty of 1% interest on the claimed amount.

from Wealth-The Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/government-likely-to-penalise-insurance-companies-for-delaying-payment-under-nhps/articleshow/64611349.cms