Medical, auto insurance renewal deadline extended to 15 May: Finance Ministry
new Delhi. The finance ministry said on Thursday that the medical and auto insurance expiring during the lockdown period can now be renewed by May 15. This exemption is for those insurance policies whose renewal date is between 25 March to 3 May.
The Finance Ministry said in a tweet, “This deadline is being extended to address the problems of customers of medical and auto insurance policies, whose policy is expiring during the lockdown period. Now such insured can pay till May 15 to renew their policy. “
The Finance Ministry said in two separate notifications that those insured whose third party vehicle insurance or medical insurance expires between March 25 and May 3 and are not able to pay the renewal of insurance now, they are now May 15 You can pay till In the notifications, the insurance holders were also assured that if they make a reasonable claim in this period before renewal, they will get all the benefits of the insurance policy.
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It is noteworthy that lockdown (bandh) is in force for the prevention of corona virus epidemic in the country. Earlier this bandh was for 21 days and its expiration on April 14. However, later it has been extended till May 3. Before the lockdown period was extended, the insurance policy renewal deadline was extended to 21 April. However, the extension of the lockdown necessitated furthering the renewal deadline.
