What is the payment frequency for periodic claims as per time of payment of claims?

The payment frequency for periodic claims, as per the time of payment of claims, is typically established on a monthly basis. This means that insurance providers generally process and remit payments for claims on a monthly schedule, allowing for a more regular and predictable flow of funds for policyholders. Monthly payments help ensure that claims are addressed in a timely manner, providing a structured approach to claims management and allowing insured individuals to receive their benefits consistently within the fiscal period.

While there may be instances or specific arrangements that permit weekly, quarterly, or yearly payment frequencies, the standardized practice for periodic claims is typically set to monthly intervals. This structure helps both the insurer and the insured maintain clear expectations regarding payment timelines.