Centre Extends Time For Renewal Of Health, Third Party Motor Vehicle Insurance Policies Till May 15

first_imgNews UpdatesCentre Extends Time For Renewal Of Health, Third Party Motor Vehicle Insurance Policies Till May 15 LIVELAW NEWS NETWORK15 April 2020 9:27 PMShare This – xTaking note of the extended national lockdown till May 3 due to COVID-19 pandemic, the Ministry of Finance issued notifications to extend the time for renewal of health and third party motor vehicle insurance policies till May 15.The benefit is applicable to those policy holders whose policies fell due for renewal between March 25 and May 3 and who could not make payment due to the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginTaking note of the extended national lockdown till May 3 due to COVID-19 pandemic, the Ministry of Finance issued notifications to extend the time for renewal of health and third party motor vehicle insurance policies till May 15.The benefit is applicable to those policy holders whose policies fell due for renewal between March 25 and May 3 and who could not make payment due to the COVID-19 situation.This is in order to ensure their continuity and hassle-free claims payment during the above grace period, said Finance Minister Nirmala Sitharaman in a tweet.The notifications were issued in exercise of powers under sub-sections (1) and (4) of Section 64VB of the Insurance Act, 1938 read with Rule 59 of the Insurance Rules, 1939.On April 1, the Centre had extended the time for renewal of health and motor vehicle insurances till April 21.Time extended for renewal of health insurance policies.Finance Ministry allows health insurance policy holders, whose renewals are due in the period from March 25 to May 3, and who could not pay due to COVID-19, to make such payment for renewal till May 15. pic.twitter.com/Ek4c5cSuTw— Live Law (@LiveLawIndia) April 16, 2020Time extended for renewal of 3rd party motor insurances.Finance Ministry allows motor vehicle third party insurance policy holders, whose renewals are due in the period from March 25 to May 3, and who could not pay due to COVID-19, to make such payment for renewal till May 15. pic.twitter.com/SecnHm7eG3— Live Law (@LiveLawIndia) April 16, 2020Next Storylast_img


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