The decision has been taken due to the nationwide lockdown in the country, which has been extended till May 3 amid rising cases of the novel coronavirus pandemic. According to a notification, the insurance cover will be effective from the date on which the policy is due for renewal.
Lockdown: Renewal date of health, motor insurance policies extended
Third party motor vehicle insurance and health insurance policyholders whose policies were to be renewed between Mar 25 and May 3 can now make payments till May 15 to renew their policies, Finance Minister Nirmala Sitharaman's Office wrote on Twitter.
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