- News>
- Personal Finance
Government extends date for renewal of health and motor insurance policies till April 21
If your existing policies are due for renewal from March 25, 2020, to April 14, 2020, it can now be renewed up till April 21, 2020, according to the notification.
New Delhi: In view of coronavirus COVID-19 lockdown in the country, the government has provided relief for third party Motor Insurance and Health policyholders, according to the notification issued by the Ministry of Finance on April 1, 2020. It stated that the renewal dates of Health and Motor insurance policies which fall in the period from March 25, 2020, to April 14, 2020, are extended till April 21, 2020, due to the lockdown.
If your existing policies are due for renewal from March 25, 2020, to April 14, 2020, it can now be renewed up till April 21, 2020, according to the notification.
Third-Party Motor Insurance
If your current compulsory third-party Motor insurance policy is expiring between March 25, 2020, and April 14, 2020, and you are not able to renew your policy because of country-wide lockdown then you can renew such motor insurance policy by April 21, 2020.
According to the notification issued by the Ministry of Finance, "The policyholders whose motor vehicle third party insurance policies fall due for renewal during the period on and from the 25th March 2020 up to the 14th April 2020 and who are unable to make payment of their renewal premium on time in view of the prevailing situation in the country as a result of Corona Virus disease (COVID-19), are allowed to make such payment to their insurers on or before the 21st April 2020 to ensure continuity of the statutory motor vehicle third party insurance cover from the date on which the policy falls due for renewal.”
Regular health insurance policy
Similarly, if your health insurance policy is expiring and is due for renewal in the period from March 25, 2020, to April 14, 2020, you can renew your policy by April 21, 2020.
As per the notification," The policyholders whose health insurance policies fall due for renewal during the period on and from the 25th March 2020 to the 14th April 2020 and who are unable to make payment of their renewal premium on time in view of the prevailing situation in the country as a result of Corona Virus disease (COVID-19), are allowed to make such payment for renewal of policies to their insurers on or before the 21st April 2020 to ensure continuity of the health insurance cover from the date on which the policy falls due for renewal” .