📋 Tender Overview
The Government has provided relief for third party Motor Insurance Health policy holders in the light of COVID-19 lockdown. The Ministry of Finance has issued notifications on April 1 2020 stating 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 coronavirus lockdown.This means that your existing policies which are falling due for renewal from March 25 2020 to April 14 2020 can be renewed up till April 212020.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 Ministry of FinanceThe 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 policySimilarly 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 theirinsurers 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.
