Coronavirus Lockdown Impact: Government Allows Late Payment Of Motor, Health Insurance Premium

Validity of health and third-party motor insurance policies will be extended till April 21 in light of the coronavirus lockdown.

Nikunj Ohri @Nikunj_Ohri

02 Apr 2020, 02:05 PM IST

Traffic police stop commuters during a nationwide lockdown, imposed in the wake of coronavirus pandemic, in Karad, on March 30, 2020. (Source: PTI)

The government has allowed motor and health insurance policy holders to defer payment of their renewal premium falling due during the 21-day nationwide lockdown imposed to contain the spread of the coronavirus.

If health or third party motor insurance policy premium is due between March 25 and April 14, policy holders will be allowed to make the payment by April 21, according to a gazette notification from the Finance Ministry.

The decision will “ensure continuity of the statutory motor vehicle third party insurance, and health insurance cover from the date on which the policy falls due for renewal,” the notification said.

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