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Insurance Regulatory and Development Authority Circular Ref. No:IRDAI/HLT/CIR/MISC/078/04/2020 Date:02-04-2020 Premium payment for renewal of Health Insurance policies falling due during the lockdown period (25th March, 2020 to 14th April, 2020) as a result of COVID 19 situation ALL STAND-ALONE HEALTH INSURERS AND GENERAL INSURERS (OTHER THAN ECGC AND AIC) The Department of Financial Services, Government of India, has issued notification dated 1stApril, 2020 on the captioned matte
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FAQ :
The extended deadline for health insurance premium payments for policies due between 25th March and 14th April 2020 is 21st April 2020.
The deadline has been extended due to the prevailing lockdown situation in the country as a result of COVID-19.
The renewal premium payment on or before 21st April 2020 will cover the entire period of 12 months from the original due date.
No, if you pay your renewal premium by 21st April 2020, your cover will commence from the original due date without any break.
Insurers will communicate these details to policyholders immediately through various channels such as email, SMS, telephone, and website display.
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Notification No : Circular Ref. No:IRDAI/HLT/CIR/MISC/078/04/2020Published in Community & General
Source : https://www.irdai.gov.in/admincms/cms/whatsNew_Layout.aspx?page=PageNo4085&flag=1