Union Finance Minister Nirmala Sitharaman on Thursday stated that last dates for paying all health and third part motor vehicle insurance premiums occurring in the lockdown period - 25th March to 14th April have been prolonged to 21st April, 2020,
“The government has provided relief for third-party auto insurance policy holders and health insurance policy holders in light of the #Covid19 situation,” the finance minister tweeted.
Health and auto insurance policies will not become invalid even if policy bearer are not able to shell out for their premiums, due between 25th March and 14th April on time and two different notifications have already been put out in this regard. The decision have been taken in the public interest, a finance ministry spokesperson stated.
“The policy holders 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 for renewal of policies 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,” a notification issued by the department of financial services (DFS) on Wednesday said.
Much the same as this notification for the health insurance policy has also been put out by the department.
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