Covid -19 impact: Extend date for health insurance policy renewal till April 21, 2020 IRDAI to insurers
Insurance regulator
IRDAI has asked insurers to extend dates for renewal of health insurance
policies, which are expiring during the coronavirus lockdown duration, till
April 21.
A notification to
this effect was issued by the Department of Financial Services, Government of
India, on April 1, 2020.
“The central government
has directed that policyholders whose health insurance policies fall due for
renewal during the period on and from March 25 up to April 14, 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 COVID-19 are allowed to make
premium payment for renewal of policies to their insurers on or before April
21, 2020 to ensure continuity of the health insurance cover,” the IRDAI circular said.
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