New Delhi (NVI): Amid the ongoing COVID-19 lockdown, Finance Minister Nirmala Sitharaman today announced that the policyholders can now renew their policies till May 15, 2020.
These relief measures are for those whose health and automobile insurance policies are due for renewal during lockdown period.
Sitharaman took to twitter and said, “With a view to mitigate hardship to policyholders whose health and motor (third party) insurance policies are due for renewal during COVID-19 lockdown.”
“Govt. has issued notification allowing policyholders to make payments on or before 15.05.2020 towards renewal of their policies,” she added.
This is for policies that are due between 25th March and 3rd May, in order to ensure their continuity and hassle-free claims payment during the above grace period.
— NSitharamanOffice (@nsitharamanoffc) April 16, 2020
Through a series of tweets, Sitharaman further said, “This is for policies that are due between 25th March and 3rd May, in order to ensure their continuity and hassle-free claims payment during the above grace period.”
This comes a day after the government issued a list of guidelines that are to be followed during the extension of nationwide lockdown.
